In Logistics Invoice Verification, when you enter an invoice in foreign currency, the system automatically translates the foreign currency amounts to local currency.
The system calculates the exchange rate using the following rule:
1.If the buyer entered a fixed exchange rate in the purchase order, the system uses this rate to translate the amounts to local currency.
2.If an exchange rate was entered in Invoice Verification, the system uses this rate to translate the amounts to local currency.
3.If an exchange rate was entered neither in the purchase order nor in Invoice Verification, the system uses the exchange rate pre-defined in Customizing for Financial Accounting valid for the posting date.
Exchange Rate Differences
If a purchase order is entered in foreign currency,the amounts are translated from foreign currency into local currency at goods receipt.
1.If the buyer entered a fixed exchange rate in the purchase order, the system uses this rate to translate the amounts to local currency.
2.If an exchange rate was entered in Invoice Verification, the system uses this rate to translate the amounts to local currency.
3.If an exchange rate was entered neither in the purchase order nor in Invoice Verification, the system uses the exchange rate pre-defined in Customizing for Financial Accounting valid for the posting date.
Exchange Rate Differences
If a purchase order is entered in foreign currency,the amounts are translated from foreign currency into local currency at goods receipt.
If you enter the invoice for the purchase order in the foreign currency, this can lead to currency translation differences between the goods receipt and the invoice receipt.
How these differences are posted depends on how your system is configured in Customizing for Invoice Verification ?
Exchange Rate Rounding Differences
When an invoice is posted in a foreign currency, the amounts are translated into local currency. Since the system rounds off the amounts in each posting line, this can lead to rounding differences due to the currency translation.
These differences are posted to an expense or income account.
Addition in transaction OB22 for the second local currency, it should be defined 'Translation taking transaction currency as a basis' is defined.
Exchange Rate Rounding Differences
When an invoice is posted in a foreign currency, the amounts are translated into local currency. Since the system rounds off the amounts in each posting line, this can lead to rounding differences due to the currency translation.
These differences are posted to an expense or income account.
Addition in transaction OB22 for the second local currency, it should be defined 'Translation taking transaction currency as a basis' is defined.
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