what you suggest allows user to change the vendor's currency to local currency.
but user will need to manual enter the amount in local currency,
is there any way that system will auto-calculate the amt into local currency when the condition type is changed to "fixed amt" and currency changed to "local currency"?
In PO vendor currency flows,If you have your vendor currency EURO and company code currency USD
in that case you have to make vendor currency USD
If you make Po currency in company code currency and then take a printout of Po and send to vendor it will in USD in this you vendor will accept po in USD ? If yes then make vendor currency USD
Your MIGO and invoice will post in company code currency
In the condition type that you want to maintain in the local currency, check mark the " Calculation type ' which says Calculation type can be changed.
This will make the condition type, which can be changed at the time of PO creation.
Then at the time of PO creation, go to the condition type and change the condition type to Fixed amount.
After you cange the Calculation type to Fixed price, then change the currency to INR and enter the amount.
I would like to mention that you can only change the currency on when the calculation type is "Fixed Amount", currency cannot be changed if the calculation type is %age.
Re: Local Currency in Foreign PO
hello world Sep 30, 2011 10:55 AM (in response to kailas ugale)
hi,
changing the overseas vendor currency to USD is not possible.
the costs that are charging in USD are to local freight vendors..etc
look at my example below
-overseas vendor dealing in EURO
-local currency is in USD
in the PO conditons tab, the pricing looks something like below currently,
cond 1(item price) 1000 EURO
cond 2(local freight costs) 30 EURO based on 3% item price
cond 3(local insurance) 50 EURO based on 5% item price
i am trying to config the condition tab to look something like below,
cond 1(item price) 1000 EURO
cond 2(local freight costs) 40.60 USD after the exchange rate of
cond 3(local insurance) 67.67 USD after the exchange rate of
Prabhjot Singh Nayyar had suggest to mark the "Calculation type" in SPRO so that the condition type in PO can be changed to fixed amt and then the currency can be changed as well, the only problem with this suggestion is seems like user will need to calculate the amount in local currency and then key in manually.
is there any alternatives to allow the system to auto-populate the local currency?