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Hi all, Can someone explain me what is the purpose of the posting type M277 (Different Currency at Invoice Matching) and how it works?

Hi,

 

M277 - Different Currency Invoice matching

 

M277 posting was introduced in IFS Application 10 and it creates recordings in database table level when there are difference in currencies.
Example : if  purchase and invoice currency is same ( USD currency ) but company currency ( CAD currency ) is  different .
In such scenarios, M277 postings will be created and this is a brand new posting introduced in App 10.

 

Cheers,

Thilini

Thank you Thilini. When I booked the invoice I had the below posting created;

M10, M18 & M277, and I directed the M277 to an expense account. Is this approach OK? And is there way for a customer to not to use this control type in the business?

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