Managing Multi-Currency Purchase Orders and Invoices
Summary:
Hello,
We have local suppliers who provide quotes to our procurement department in USD, but they send invoices in the local currency.
Consequently, purchase orders (POs) are initiated using the local currency, based on the exchange rate at the time the PO is created. Currently, in EBS, we use the 'Zoom=Index Escalation' method on the PO, which means the invoice is generated based on the exchange rate.
This entails that during the negotiation stage, a certain exchange rate (X) is used, but when the purchase order is opened, a different exchange rate (Y) is applied. As a result, the supplier sends invoices in the local currency, aligned with the exchange rate at the time of order creation.
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