Hi All
I know there are a lot of posts related to this area and I have tried to read and understand all of them before creating this post.
I understand that if it is a fixed PO, the system uses the fixed rate of the PO @gr however the stock is posted at 'M' rate and the difference gets posted to KDM. I have tested this and I am happy with this.
At the time of MIRO there is no difference as the rate is copied from the PO.
There is then a setting on invoice verification, under 'Configure How Exchange Rate Differences Are Treated"
Here the system will use what you have set in the ERD setting, unless you tick CCCurr indicator. (Local Currency Rate Difference).
Here the documentation says:
"The valuation of the inventories or consumption is effectively done at the exchange rate for the goods receipt, and not at the exchange rate of the invoice. When you post the good receipts, the fixed exchange rate from the purchase order is not used, but the translation of the purchase order values to local currency is always done at the posting date of the goods receipt."
My interpretation of the above (highlighted), the system, at GR, should not used the fixed rate from the PO.
My system is currently posting the GR at the fixed rate.
Has anyone used this setting and can you verify.
Thanks