When the arrival (Receipt) is done in IFS for a PO in CNY, does it use the currency rate on the PO or does it use the active currency rate in IFS (Currency Rate) screen? Example, the PO was created in September 2023 at a currency rate of 7.298001 and then received in January 2024 at 7.180801. Does it use the 7.298001 or the 7.180801? I am thinking it uses the 7.180801, but want to confirm. Thanks Bob Both
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Currency Rate at time of Receipt
+3Best answer by TimeMarBou
Hello Bob,
As I know is a standard functionality in IFS Application.
In the Register Arrival window you can enter an arrival date. According to this date the system derives currency rate.
If the arrival date stay empty, the system takes currency rate from sysdate.
Regards.
+9Hello Bob,
As I know is a standard functionality in IFS Application.
In the Register Arrival window you can enter an arrival date. According to this date the system derives currency rate.
If the arrival date stay empty, the system takes currency rate from sysdate.
Regards.
+3Thanks for the reply, just want to confirm I understand. If a date is entered, then it uses the date entered and goes to Currency Rate in IFS and uses the rate associated with that date entered. If the date is left blank, then it uses the actual date received (ARRIVAL) and uses the most recent rate in IFS. Thanks again.
1 person likes this
+9That is correct 😊
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