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Which Accounting Date use for transfer pricing conversion calculation in ICO billing

edited Apr 29, 2024 12:11PM in Receivables & Collections 1 comment

Summary:

Hi,

There is a dropship shipment from india to usa which generate one 3rd party billing on accounting date 17 april under USA BU. However, due to timezone differences, it generate ICO billing on 18 april under IND BU. The transfer price calculated based on 3rd party biling . i.e. discount rate 30%. The sales price is in USD and need to convert to INR under IND BU. What date basis the transfer price conversion based on when calculated in ICO billing? Is it based on sales order shipment date? or based on 3rd party billing accounting date?


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