Branch located outside inside

[Former Member]

Hi,

We have a scenario of a client in india but have a branch in abroad.Can we maintain it in a single company.But the currency

of the branch will not be in INR.And the inventory of the branch will be in foreign currency.

If not possible , please suggest the alternative?

Rgds

Edited by: Paul Finneran on Sep 25, 2008 12:59 PM

[former_member186095 · Accepted solution]

Hi,

it will be possible to have it in a single company. you could use profit center code that will reflect the branch or project code. You could also create use field location in the warehouse as a branch and then create one or several warehouses under the location (branch). If not, you could directly create warehouse code using the branch name..

You have to maintain the customer codes of the branch, vendor codes, items and so on if you still use single company. You have to differentiate the data between in India and branch. As about the currency, you could have more than one foreign currency in a single database.

I suggest to create branch company database. For consolidation (if needed), you could have it by creating consolidation database or report.

Rgds,

[Former Member · Accepted solution]

Hi Jimmy,

But whenever an inventory is receipt in foreign branch , even though we may enter the currency in foreign currency in the goods receipt it gets converted to indian currency based on exchange rate and then your inventory for the branch shows in INR.What is the solution for this.We want the currency for the foreign branch to be shown in foreign currency.

Rgds

[former_member583013 · Accepted solution]

If you are using one company then there could be only one SYSTEM CURRENCY (which seems to be INR in your case) and Local Currency as the Foriegn Currency of the Country.

When the transaction gets posted as a Journal entry the JE gets posted in both currencies and is available for Reporting.

I am clear as to where you want the currency for the foreign branch to be shown in foreign currency

Suda

[Former Member · Accepted solution]

Hi Sudha,

Can we do it in a single company .

Regards,

Praveen