What is the use of different type os Exchange Rate Type ?
Hi All
While defining Exchange rate type in ORMS below are the options listed:
1) Consolidation ( C)
2) Operational (O)
3) Purchase Order (P)
4) Letter of credit/Bank (L)
5) Customs entry (U)
6) Transportation
7) Logistics (G) .
I understand the usage of first three i.e consolidated ,operational & Purchase order types . But what does other exchange rate types offer .
What kind of transactions does these other exchange types are being used ?
Kindly suggest .
Thanks in advance !
Thanks
Chunnal