Scenario: * PO raised from entity base currency GBP to a supplier in ZAR e.g. 100,000ZAR * PO raised on say 1st December * Approvals happen and reach Procurement team on 8th December * They change date of PO to 8th December to ensure accurate ageing of PO * Value with PO changes to reflect current day exchange rate so PO is not now for the required 100,000ZAR How can this be overcome so we get both the correct date on the Purchase Order and the correct value in ZAR? Many thanks Martin

Thanks, Emi! Hello Martin - I checked this and was able to reproduce the same with items with Purchase Price assigned to them. At first it also looked weird since the amount of the line item changes depending on the date of the Purchase Order which is different as compared to the behavior of other transactions. However, I researched this and found that this is a standard behavior of the system. We have an enhancement filed for this logged on Enhancement 385660: Purchase Order > Item Rate in foreign currency will change after editing/changing Transaction Date on Purchase Order. Here is an explanation from our engineers regarding the said behavior: "The behavior is intended for purchase orders. If a vendor commits to a price, it is their price irrespective of the exchange rate. The PO is a contract with the vendor as of a specific date and was designed to reflect the rate as of the purchase order date." Hope this clarifies your concern. I am including the links to SuiteIdeas for easy access: * SuiteAnswers ID: 30288 Steps to Navigate to SuiteIdeas * SuiteAnswers ID: 10054 Voting for Enhancements Also, let us know if you find this answer helpful by marking the "Yes" option beside the "Did this answer the question?" portion of this reply. This way, others with the same question might find it helpful as well. And you’ll be able to aid the community to find the solution much easier and faster without the need to read through all the replies. Thank you. Regards, Cali

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Changing FX rates on Purchase requests

Martin Randall

Scenario:

PO raised from entity base currency GBP to a supplier in ZAR e.g. 100,000ZAR
PO raised on say 1st December
Approvals happen and reach Procurement team on 8th December
They change date of PO to 8th December to ensure accurate ageing of PO
Value with PO changes to reflect current day exchange rate so PO is not now for the required 100,000ZAR

How can this be overcome so we get both the correct date on the Purchase Order and the correct value in ZAR?

Many thanks

Martin

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