ASN In-Transit Shipment Journal Entries
Summary:
Content (please ensure you mask any confidential information):
How to use ASN shipment date as the currency conversion rate in-transit journal entry?
Version (include the version you are using, if applicable):
Currently, we are using the solution of creating ASN shipments to recognize the goods in transit value.
As we are using foreign currencies for importing goods and as per currency fluctuation in our region, We can have two different rates between creating the purchase order and recording the ASN shipment.
Currently, Fusion is using purchase order rate to recognize the goods in transit valuation. On the other hand, we can have a purchase order created in Jan-25 when 1 USD = 50 EGP and the ownership of goods as per incoterms happens in Feb-25 while 1 USD = 51 EGP.