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gaberdistributors

Exchange rate when receiving inventory

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We've just started using the multi currency module, and I'm having trouble with balancing our inventory against the GL.  When we receive inventory through a PO, it is receiving the parts at todays exchange rate.  The problem is that we were billed and entered the invoice in AP a while ago at a different exchange rate.  How can I receive parts at the exchange rate I actually paid for them?

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    Hello,

    You can lookup the exchange rate for the invoice in AP.  Simply highlight the invoice and click the view journal entry icon.  You will see the rate that BusinessVision used at the time of posting. 

    Click Utilities, Multi-Currency Tools, Currency Manager.  Select USD - United States - American Dollars.  Record the Fixed rate number then change it to the exchange rate that the AP Invoice used.  Click Save.  Click No to update the monthly rate table.

    Open the purchase order module and receive your goods.  BusinessVision will use your inputted exchange rate when inventory is received.  Once you finished receiving, go back into the Currency Manager and change the USD - United States - American Dollars Fixed Rate back to what was recorded earlier.  Click Save and click No to update the monthly rate table.

    This procedure will allow you to receive goods at the same exchange rate of the AP invoice.

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