on 01-22-2012 9:06 AM
Hi:
We have a scenario wherein
we have foreign currency
valuation issue. We sell goods to
our customers in foreign country.
In doing export sale order is
created long before delivery is
made.In between this time there
becomes fluctuation in exchange
rate. The rate at which invoice is
booked and payment is received
varies . We at first stage want to
keep exchange rate fixed from SD.
Expert opinion is required .
Hi:
Let us assume you invoice your customer in USD and want collection in terms of INR or any other currency then i think problem will remain persistent. You need to post receipts in the currency with which invoice was raised. Even system would not do much for you.. I hope this clears you..
Regards
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In F-28 also there is option of giving the exchange rate give the exch rate as per the sale order and taken the incoming payment without any variance.
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Great input,but what about receipts when we go to post collections in system manually using F-28 system posts the transaction at current exchange rate ,hence there comes a difference of amount. Plz advise
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Hi,
I think best way to handle this scenario is to keep exchange rate fixed at SD level. You can do so by maintaining fixed exchange rate at sale order header level in accounting tab. Whatever exchange rate you give in there will be passed on to billing irrespective of date when billing was made or sale order was created. If there has been any exchange rate fluctuations between these two date of SO creation and invoice posting system will ignore them and will take the exchange rate maintained at SO date only. Hope this will help you.
Regards
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Maintain only one exchange rate at OB08 for exchange type M from / to currency
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Hi James,
Finished goods sold to export customer >
While creating the sales order ,system automatically pick the currency from currency table (TCURR) and let us say, there is fluctuation while doing the billing.
There are 2 possibilities :-
1. Business wants to post invoice at current exchange rate
2. Business wants to post billing at Sales order rate
Both settings are depends upon SD coping control settings
Customization Path :- VTFA or Sales and distribution > Billing documents > Maintan coping control > select sales document to billing document > go to item details where you can find pricing exchange rate type
Rgds
Suma
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