Exchange rate while MIRO

[suma_mani]

Hi All,

We have created one import Purchase order quantity is 1,212.120 X USD 23.02.

While doing the GRN my exchange rate is INR 55.55 x 1200Quantity X USD 23.02 Equal to INR 1534513.20 & USD is 27624.00

As per business decision GR exchange rate and MIRO exchange rate must be match. For that while doing the MIRO business user has to enter exchange rate manually. Now i am performing MIRO with GR exchange rate is inr 55.55. We are getting account determination error KDM. Please check screens and guide us any inputs.

Doing the MIRO full quantity ,whcih is 1200 in line items & entered exact amount. Simulate

While simulate the MIRO document > Only GRIR line item being updating.Not second one.

If i do the MIRO for single line item

Enter exact amount of GRN > simulate in USD & INR

Why this GAAP in INR. Company code currency amount not updating in vendor line items.Why it so ? This is happned for import vendors.

Regards

Mani

[former_member219217]

Hi Mani,

We also used to get this error. The only solution with us was to change the exchange rate in OB08 which is same as GRN exchange rate.

Pls try the same and see if it works.

Regards,

Ramnik

[former_member806234]

This message was moderated.

[Former Member]

Its clear from your entry. There is difference in manual and system selected exchange rates. In OB08 you can verify this. Also there are chances of difference in MAV price of material at the time of PO,GR and GR. In both the scenarios system posts difference entry.

[suma_mani]

Again i am repeating my query !!

No exchange rate difference between GR and IR

Price difference post under PRD not KDM & also no price difference.

Regards

Mani Kumar

[former_member192897]

I believe there is exchange rate difference between the value you entered in MIRO header and the one derived from OB08. Could you check once and confirm what is the Exchange rate in OB08.

[Former Member]

Just saying line item generating is not enogh for us to investigate. You need to specify the entries as well.

[suma_mani]

Nilesh,

Follwoing entry generated while doing the MIRO.

GRIR Account..........Dr..........USD100.......INR......5000.00

Exchange diff...........Dr............................INR..........15.50

   To Vendor.....................Cr...USD100......INR.........5015.50

Regards

Mani

[Former Member]

Hi,

You are fallowing correct cycle. It doesn't matter if you are inputting exchange rate in MIRO or not. System posts MIGO based on system or PO exchange rate. When you do MIRO, system adjusts values based on exchange rate (system or MIRO manual changed rate) and and posts them to correct accounts. The system design requires us to maintain GL account for KDM. You need to maintain GL account even though there is no difference in exchange rate.

[suma_mani]

Hi Nilesh,

According to MM - Logistics invoice verification customization (OMRW) exchange rate treatment assigned as blank ,which means exchange rate difference would be post to KDM account ,if there is difference between GR and IR. My query is, if there is no difference between GR and IR ,why system is generating KDM error not for all vendors. Example :- Exchange rate is 40.00 while GR and 40.00 while MIRO also.

Regards

Mani Kumar

[ajitkumar]

In many cases, system check the configuration first even if there is no value to post.( I dont know specific about KDM but for GBB offset entry for physical inventory, even if there is no difference between book stock and physical stock, MI07 can be done only when a GL is assigned ).

  why dont you assign a GL to KDM post it and see whether there is any entry in the GL

[suma_mani]

Hi Ajit,

I did the entry. It is getting generated difference line item

Regards

Mani

[Former Member]

System is checking for assignment. You need to assign GL and try.

[suma_mani]

Tried the same ,getting line item generating.

Regards

Mani Kumar

[ajitkumar]

what is the value posted?

[Former Member]

This is the Exchange Difference Account which should be assigned in case of there is difference in Exchange Rate from PO to Vendor Invoice.

This is a mandatory setting Even if there ZERO difference also we should maintain.

In obyc KDM update GL account for exchange rate difference.

Hope Helpful...

Do the changes and Revert if any issues

Thanks,

Shiva

[suma_mani]

Hi Shiva,

We are not considering any exchange rate difference between GR & IR. Business is considering excahnge rate difference while making the payments and it is clearings. Standard declared scenario. May you are not get my all screen shots. Again i am attachign screen shots.

You can observe all screen shots and revert.

[Former Member]

Go to Details Tab Before Entering the PO Details in MIRO Screen. And Enter RS 55 as Exchange Rate Manually. Then Give PO number and Try once.

Please post the screen shot once.

Hope Helpful.

Thanks,

Shiva

Message was edited by: Shivaprasad H J

[suma_mani]

Hi Dear ,

We are entering exchage rate manually only ,before entering the PO number at header level of MIRO.

Regards

Mani

[Former Member]

Please go to the PO Header in the Delivery/Invoice Tab.

Here please check that "Exchange Rate Fixed" indicator is checked or not. Ideally it should not be checked.

Thanks and Regards,

Ankush

[suma_mani]

Hi Ankush,

We are not selected that exchange rate check box. Any idea.

Regards

Mani