Currency Echange Rate in Biling

[Former Member]

Hi Experts,

When i created sales order maintain USD Currency Echange rate as 3.05 after delivery will do invoice while am doing invoice have maintain new exchange rate as per the invoice creation date. Is there any chanses to change exchange rate while creating invoice. Becuase sales order creation date exchange rate is difference and invoice creation date exchange rate is difference. Kindly suggest me.

Regards,

vs

[Former Member · Accepted solution]

hi,

exchange rate changes daily.

for e.g. from india you are placing the order on US vendor for $5 today

Today's exchange rate is Rs.40

means today you are booking for Rs200 inventory

if after few days exchanges rate get increased by Rs. 2 means it Rs.42 & the material has come on that day...then after GR invertory would go up by Rs.210 not by Rs. 200.

It is necessary to change the exchange rate dailty.

It may be happen that you are placing the PO when exchange rate is Rs.40...you will do the GR when rate is Rs.45..& invoicing at the rate Rs.43.

same in case of sales also. or more information you could contact ur FI guy who changes the exchange rate.

[Former Member]

If your problem is solved please provide the points