Quantcast
Channel: SCN : All Content - All Communities
Viewing all articles
Browse latest Browse all 3280

Exchange rate accounting during MIRO

$
0
0

Hello experts,

 

I have searched a lot for on-line help on the below mentioned behaviour but could not find the correct answer. Thus, posting the case here for the help.

 

Configuration: OMRW (Treatment of exchange rate difference in co code currency):- Local currency rate Diff (CC Curr) check box is ticked.

 

1) Exchange rate in GR document : 64.20 and posting date 01-Jan-2016 (OB08 - USD to INR on 01-Jan-2016)


2) MIRO posting date 20-Jan-2016, exchange rate manually changed during MIRO  to same of GR exchange rate (i.e. 64.20), But OB08 - USD to INR on 20-Jan-2016 is 67.20.

 

3) While simulating MIRO, system is giving correct credit to vendor but posting two more line items as below:

 

Material inventory - Credit

MM exchange rate Difference - Debit

 

Exchange rate is not fixed in PO.

 

Here, the query is if MIRO is posted with same exchange rate of GR then why the these two accounting entries are being posted (Material a/c and MM exchange rate diff)

 

Thanks in advance.


Viewing all articles
Browse latest Browse all 3280

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>