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Multi-currency, Items received not billed

edited Nov 26, 2019 8:41AM in Accounting / ERP 1 comment

Hi All,

We went live with NSSB in October and use multi-currency and advanced receiving. With this combo, the COGS is calculated at the purchase order exchange rate (and hits the items received, not billed account). When we enter a bill for this item receipt, it also hits the items received, not billed account at the bill date exchange rate. This does not hit the COGS account and we have to reconcile the items received not billed account with the COGS account monthly. ie if the item costs us $100USD and the PO exchange rate is 1.1=$110 CAD, and by the time

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