Replies posted by Nichelle Kalubowila

1 Reply

Yoshini Silva
Hero (Employee)
Yoshini SilvaHero (Employee)
asked in Finance (Financials)

Incorrect currency postings

In IFS application the Inventory is valued in Accounting Currency. In the MPL voucher, M1 and M10 postings are created from the Accounting Currency. When you create an Invoice in Different Currency other than Accounting currency and match with the Purchase Order Receipt, in the Cost Postings tab, for the variance postings M18,M19 and M20, the amount in transaction currency will be zero. But you can notice that the Accounting Currency has the correct values for M18,M19 and M20 variance postings. That is because the Inventory is valued in Accounting Currency. Then that will be reflected in the Voucher in General Ledger.

2
D
Hero (Employee)
4 years ago

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