I have read a number of posts on this forum, and I am having the same issue.
We use the Standard Cost to store the suppliers price to us. When creating a PO it is a simple matter of entering the qty, item number and printing/emailing to the supplier. In my testing of multi-currency, the system places the Standard Cost into the AUD field and converts to the suppliers base currency which is incorrect.
Surely it makes sense for the Standard Cost to be in the same currency as the supplier that supplies that item?
Please consider implementing a parameter that can be set to allow those of us that track and import supplier prices into the Standard Cost field to fully utilise the multi currency benefits. As it stands, without this we cannot use the multi currency feature as it would mean retyping the supplier cost for every item in a foreign currency supplier. Thanks.
"Allow item standard cost to be in suppliers currency"
Hi DanT , SGN , can you try creating a purchase for the foreign currency supplier in your HOME (ie local) currency, which will have an exchange rate of 1, then amend the currency to the correct one (and edit the rate if necessary), then record the purchase?
The unit prices created should not change when the currency is changed. This should work in version 2019.4.
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