Exchange Rate Difference Posting (KDM)

[长颈叔叔]

Foreign currency invoice

I create a foreign currency PO in USD (local currency is EUR).

I perform a goods receipt on March 1 (Exchange rate 1USD = 1.25 EUR)

Dr Inventory 1000usd/1250Eur
Cr GR/IR 1000usd/1250 Eur


I perform an invoice receipt on March 5 (Exchange rate 1usd = 1.35 EUR)

DR GR/IR 1000usd/1250 Eur
CR Vendor 1000 usd /1350 EUR
DR Inventory 0usd/100EUR

Is this correct?

Thanks in advance


Hi,

How could you set up the 'Treatment of Exchange Rate Differences' indicator via Transaction OMRW? Was it set as 'N'?.

Cheers,
HT

We have that set as blank.


Ha Tran
Posted: Fri Apr 23, 2004 1:49 pm Post subject:

--------------------------------------------------------------------------------

Hi,

If this field is kept as blank ie. the exchange rate differences will be calculated from the difference between the exchange rate at the time of the goods receipt and the exchange rate at the time of invoice receipt. In this case, this exchange rate difference shall be posted to the G/L account being defined in Transaction/Event Key KDM.

Cheers,
HT


Guest
Posted: Fri Apr 23, 2004 2:11 pm Post subject:

--------------------------------------------------------------------------------

Is it possible to achieve the above posting where it goes to the inventory instead of the exchange rate difference account. Also this should only be for the specific company code.


Rakesh
Posted: Sat Apr 24, 2004 12:53 am Post subject:

--------------------------------------------------------------------------------

Yes, u can either put it into a exchange rate difference account or you can load it into inventory. I think if you are not maintaining an exchange rate difference account it will go to Inventory account.

Ha Tran
Posted: Sat Apr 24, 2004 2:23 am Post subject:

--------------------------------------------------------------------------------

Hi,

To the best of my knowledge, the exchange rate difference will be posted to either exchange rate difference account (KDM) or price difference account (PRD). It will not be posted to stock account (BSX).

If someone can have a different posting scenario, please let me know.

Cheers,
HT


Manjunath
Posted: Sat Apr 24, 2004 11:45 am Post subject:

--------------------------------------------------------------------------------

Dear all

I have left the Indicator & Exchange Rate type column blank in OMRW and any exchange rate difference will be posted to inventory in the domestic currency.

Cheers

V.R.Manjunath