Discussions
Transfer Ship Price Currency
We use an account with two subsidiaries (US & UK).
Some of our items are only sold in the UK, and the purchase price and transfer price are in British Pounds in the item record and on the purchase orders.
When the items are transferred between two UK subsidiary locations on a transfer order, the transfer price converts to as if it's changing a USD into a British Pound, when the transfer price is already in British Pounds.
For example:
Item: 123
Transfer Price: 100 GBP
Purchase Price: 100 GBP
Price on Transfer Order: 100 USD or 59.232583 GBP
Once received, the new inventory value at the UK location is 59.232583 GBP.