How to update custom exchange rate manually in purchase order
Please help on this.
Thanks,
Ansuman
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Userlevel 7
+19
The Price /Curr on the PO line will fill per the price of the part expressed in the order's currency (or the Custom Currency in your case?). The conversion will happen per the specified rate on Accounting Rules / Currency / Currency Rates for the 2 currencies in IFS.
If you are referring to different currency for payment than the supplier invoice currency, this thread has an answer for that.
Userlevel 7
+19
Additionally
Sometime I’ve seen businesses add additional amounts as charges in the PO. Advantage of charges tab is that you can add them at any state of the PO unlike the change order. But to do so, you will have to align the internal finance department whether the additional amount due to change of exchange rate can be recognized as charges
Out of curiosity, when sending the Quotation, hasn’t the supplier included a term about the change of exchange rate? Normally suppliers stick to the original exchange rate at the time of quotation validity period
Userlevel 7
+19
Cheers
Enzo
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