PO amount in other currencies.

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Posted on by Takahiro Taguchi

My understanding is that AX’s PO amount does not have any other currency amount other than order currency amount. Is my understanding correct?

For example user creates PO with AUD, user only can refer the amount with AUD. Even company has USD as accounting currency.

- Reporting currency is AUD

- Accounting currency is USD

- Transaction currency is AUD

- PR is not posted. Invoice is not posted.

Thank you,

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Ludwig Reinhard Microsoft Employee on at

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Hi Tom T,

What do you mean exactly by currency amount other than order account?

AX can handle foreign currency PO invoices.

That is, you can order goods in AUD, EUR, GBP, etc. and the vendor invoice will be recorded in this currency.

Yet, when it comes to inventory valuation, all item transactions are generally recorded and evalued in the company's accounting currency.

Hope this helps.

Best regards,

Ludwig

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Takahiro Taguchi on at

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Hi Ludwig,

Thank your for your response.

I created PO with AUD but its invoice has not posted .

In this case, does PO have USD (accounting currency) amount as well?

My understanding is NO. PO does not have other currency unless its account transaction is posted. Is my understanding correct?

Thank you,

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Prashant Singh 8,802 on at

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Dear Tom,

A purchase order is a commercial document and first official offer issued by a buyer to a seller, indicating types, quantities, Currency and agreed prices for products or services. It is used to control the purchasing of products and services from external suppliers.Acceptance of a purchase order by a seller forms a contract between the buyer and seller, and no contract exists until the purchase order is accepted.

That's why AX create version of purchasing. If you want to change anything it will be considered as different version. So you are free to choose any currency as your PO currency even your default currency is AUD for vendor and USD for company. The only thing required is exchange rate should be defined.

Regards,

Prashant Kumar

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Ludwig Reinhard Microsoft Employee on at

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Hi Tom T,

You are correct. Here is an example where I purchased some items in AUD (Company Accounting currency = USD)

Packing slip voucher

The product related transactions are recorded in USD only

Note that the 'temporary' liability recorded on the purchase accrual account is in AUD

Invoice voucher

Also here, the item related Transactions are recorded in USD only.

Note that the vendor Balance is in USD

Hope this helps clarifying things.

Best regards,

Ludwig

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Ludwig Reinhard Microsoft Employee on at

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Hi Tom T,

Is there something left open here or can we get this one verified and closed?

Best regards,

Ludwig

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pratik varia 50 on at

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Hi Ludwig,

How can we get the all the Product receipt & Invoice account entries in Transaction Currency (even for Inventory related lines)

Currently posting in system are appearing as shown above i.e. the Inventory related lines are posted in the Accounting Currency & not in Transaction Currency. We want it to be posted in Transaction Currency & not Accounting currency. Can you please help on this.

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Durgesh07 23 on at

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Hi Ludwig,

can we verify PO amount in both currency accounting currency and reporting currency before invoice post , because standard D 365 PO amount currency is fixed not changeable

Regards

durgesh

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