ReIM 14
In a group summary match scenario (invoices and receipts belonging to different orders from the same vendor and exchange rate of each PO is different), how does ReIM arrive at the decision
if this group is within tolerance or not?
Lets look at this example.
Primary currency USD
Location currency CAD
PO currency CAD
Tolerance is 5 USD.
Day 1.Created Order1, $100, exchange rate 1.42
Day 2.Created Order2, $100, exchange rate 1.28
Day 3.Created Order3, $100, exchange rate 1.18
Day 4.Created Order4, $10, exchange rate 1.35,
Day 5.All orders received
Supplier sent three invoices - Order1, Order2 and Order3 with a total cost of $320.
1. During Summary match, how does ReIM decide if it's within tolerance or not?
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