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Purchase Order - Invoice Mismatch due to FX

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Posted on by 5

Hi,

We have a company with Accounting Currency and Reporting Currency of USD but a lot of expenses in Euro.

A lot of our purchase orders and invoices are created in Euro. When it comes to three-way matching between Euro invoices and Euro POs we are seeing a fail on the Price Total Match as D365 sees a difference in the reporting currency (USD) value due to the different FX rates on the date of the PO and the date of the invoice posting. Below is an example:

PO for value €169.50 dated 11/11/22 with FX rate 1.0308 for USD value $174.72

Invoice for value €169.50 dated 01/10/23 with FX rate 1.0723 for USD value $181.75

This leads to a Price Total Match fail due to the different USD amounts. Is there a way for the Price Total Match to occur based on the currency the PO and invoice are denominated in rather than the reporting/accounting currency?

Thanks

  • Daniel H1 Profile Picture
    Daniel H1 5 on at
    RE: Purchase Order - Invoice Mismatch due to FX

    Thanks for this response Charlotte. That thread was very helpful.

  • Verified answer
    Charlotte X Profile Picture
    Charlotte X on at
    RE: Purchase Order - Invoice Mismatch due to FX

    Hi Daniel,

    Please refer to this old thread, it mentions a similar problem to yours:

    (+) Invoice matching problems with foreign currency - Microsoft Dynamics AX Forum Community Forum

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