Payables and Cash Management - EBS (MOSC)

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How to have FX variance pull rate from Receipt instead of PO?

edited Nov 28, 2015 10:01AM in Payables and Cash Management - EBS (MOSC) 4 commentsAnswered

Hello Community!!!

We currently are matching our Invoices to the Purchase Orders (instead of matching to Receipt) in all our Operating Units.  The standard Oracle system/process is that when we match to the PO if there is an FX variance between the time we receive the goods and processing the invoice the FX rate that is used is from the PO and not the receipt.  For transactions that have a large lead time this can vary widely in terms of the FX rates.  Our accountant are saying that the proper accounting would be to pull the FX rate from the Receipt instead

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