Hello all, we have an issue with our "drop ship" postings that cannot clear in F.13. I think I know the answer but wanted to make sure before I send to my business partner.
Here is the situation:
Customer orders a product which we do not make or inventory. The sales order creates a PO to our vendor. Our vendor ships direct to customer and invoices us. We do a GR and IR. Then we do a PGI and AR.
When we do the GR it posts to a "shipped not billed" account. When the AR is done, the off-set to that SNB account is done. These should match and clear via F.13
The issue is, my plant is GBP. My vendor is SGD. My customer is EUR.
The rate from SGD to GBP is 0.48299
The rate from EUR to GBP is 0.78125
Purchase order GR 26,092.00 SGD 17,432.08 GBP
Sales order AR 13,181.63 EUR 16,872.51 GBP
"FX Difference" 559.57 GBP
Business thinks the two should match. My logic is, since these are two separate documents and two separate currency translations, there is no way to make them match.
Does any one have any ideas? Or, just confirm my thought??
Many thanks,
Cheryl