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Forex Rate get from PO approval date

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Forex Rate get from PO approval date

Postby lagmanlc » Wed Apr 27, 2011 3:45 am

Dear experts,

How to prevent the Forex rate in SRM PO will be getting based on PO approval date?
we have a case that the BUdget Amount in PO is no longer sufficient at the time of Final Approval (workflow)
because of the currency exchange rate
here's is a sample tabulation:
PO Amount: AUD 2,1850.48
Budget: PHP 992,306.25

Transaction | Date| Forex| Conversion to PHP| conversion vs. budget |
PO Creation | 13-Apr| 45.17530| 987,101.99 | 5,204.26 |
PO Approval | 14-Apr| 45.10480| 985,561.53 | 6,744.72 |
PO FInal Approval| 15-Apr| 45.42690| 992,599.57 | (293.32) |

the budget 992,306.25 is not sufficient at the time of final approval amounting to 992,599..57

is there a setup in SRM or configuration to check forex rate based on PO creation date and not the approval date?
looking forward for your valuable inputs.

Thanks a lot
lauro
lagmanlc
 
Posts: 53
Joined: Tue Nov 14, 2006 4:59 am
Location: Philippines

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