exchange rate is not picked from miro,but from ob08

[Former Member]

hi all,

i have created po in USD and at time of GR,the same po is converted from usd to rupees(conversion rate is taken the day of GR rate).

Everything is ok till GRN.

when i am doing MIRO in USD the system picks the EXCHANGE rate from OB08,not from the exchange rate thaT is entered in MIRO sceen.

pls suggest how to pick the rate entered in miro screen?

regards

sumit choudhary

[BijayKumarBarik · Accepted solution]

Hi,

Why you are entering exchange rate manually during MIRO!

Concept for exchange rate picks:
1st preference, system to calculate exchange rate form document type which is your RE  for Invoicing and if exchange rate type not there in document type RE, then system search exchange and picks from OB08 with exchange rate type.

Regards,

Biju K

[tejyadav]

Logic you use for currency, same to be used for Exchange rate also, i.e. Exchange rate to be entered before entering the PO

[Former Member]

Dear Sumit

You can fix the exchange rate in the header level in PO in delivery/invoice tab by checking the Exch. rate fixed. This would pick the exchange rate from  the PO instead of the OB08. Hope this helps!

[former_member184631]

Hi Sumit ,

Ideally System picks up the Exchange Rate from OB08 at the time of MIRO.

But in case you want to enter the Exchange rate in MIRO itself which differ from OB08 then follow the steps :

1) Goto MIRO

2) Enter Invoice Date , Reference & Change the Currency to USD

3) Go to Details tab page & enter the rate that u require

4) Enter the PO No & Press Enter

Now system will calculate the Currency on the basis of the Exchange Rate mentioned in MIRO.

But do note that this exchange rate field will become grey once you enter the PO number.

I would suggest it as a Workaround solution.

Hope it helps !!

Sachin

[Former Member]

In Logistics Invoice Verification, when you enter an invoice in foreign
currency, the system automatically translates the foreign currency
amounts to local currency. The system calculates the exchange rate using
the following rule:

1.If the buyer entered a fixed exchange rate in the purchase order, the
system uses this rate to translate the amounts to local currency.
2.If an exchange rate was entered in Invoice Verification, the system
uses this rate to translate the amounts to local currency.
3.If an exchange rate was entered neither in the purchase order nor in
Invoice Verification, the system uses the exchange rate pre-defined in
Customizing for Financial Accounting valid for the posting date.