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RE:[sap-acct] SAP M Rate

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Posted by Nikki Klein
on Dec 21 at 3:36 PM
Hi Linda

The M rate, while named as the Average rate, is not calculated by SAP and is not necessarily used as such by clients. I have seen some clients update the M rate daily, others weekly, others on the last day of each month. I suggest you find out what your client actually does in terms of maintaining the exchange rate (and who does it), in order to analyze these inconsistencies you see.

Nikki

---------------Original Message---------------
From: AugieMom
Sent: Monday, December 20, 2010 12:54 PM
Subject: SAP M Rate

I am seeing some inconsistencies in our exchange rate table for M rate. Is this supposed to be an average that SAP calculates at month end, or is this rate supposed to be the same rate as the previous daily rate?

Thanks

Linda

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Nikki Klein
SAP Accounting Helper

Posted helpful replies on 5 threads in a group to earn a Bronze Achievement
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