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Reply from harrygreen on May 18 at 6:24 AM Hi Wnash, thank you.
In your example, the transaction currency is EUR, the local currency is GBP, right?
if it is right, then I think the difference of FX is SAP's standard spec.
and I agree with you that foreign enterprise may have the same issue.
but if they use the country currency as local currency, then client can change the rate(to use the same rate) in MIRO,...
in my case, we want to the foreign currency as local currency, and SGD as 2nd local currency, so it seems cannot change the rate of lc2 in MIRO....this is my problem..
and, as a trade company in SG, most trade are done in USD,
so it is reasonable to use USD as local currency,,(I guess)..:)
Thank you.
Regards,
| | | ---------------Original Message---------------
From: wnash7658
Sent: Friday, May 18, 2012 4:47 AM
Subject: How do I Change the lc2 in MIRO?
Normal rule is use the currency of the country. In my review in MIRO the the exchange rate will be PO exchange rate, but the tax posting will use the exchange rate from OB08. For example I just used rate that didn't to make things simple.
Then an FX posting will occur in MIRO based on the difference of the MIRO exchange and OB08 exchange rate. See example:-
MIRO exchange rate from PO is .75 and OB08 rate is .63.
Vendor 12.00- EUR 9.00- GBP ** KBS
GR/IR 10.00 EUR 7.50 GBP V1 WRX
Tax 2.00 EUR 1.26 GBP V1 VST
FX 0.00 EUR 0.24 GBP KDT
I am also aware of this issue and I advised my client to use SGD and it also happens in China too for foreign enterprises.
Regards,
Waza |
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