Different rate type required for Intercompany AR (shipment) and Intercompany AR (receiving) — Cloud Customer Connect
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Different rate type required for Intercompany AR (shipment) and Intercompany AR (receiving)

in Supply Chain Financial Orchestration 1 comment

Summary:

Different rate type required for Intercompany AR (shipment) and Intercompany AR (receiving)

Content (please ensure you mask any confidential information):

As per country legal requirements, local exchange rates should be considered for foreign currency transactions. In case of intercompany transactions, we specified the local rate in Documentation and Accounting rules setup and AR IC invoice is getting created with this rate.

However the receiving country needs to use the company corporate rate and not the local rate used by the shipping country, but due to the rate type setup in Documentation and Accounting rules, both IC AP invoice and receiving entries are considering Local exchange rate type values to be available and ending in error.

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