Rate determiners

LN converts amounts from the transaction currency to the home currencies using the currency rate that is valid according to the rate determiner that applies to the transaction.

You can select a default rate determiner for transactions with business partners in the following sessions:

  • Sold-to Business Partner (tccom4110s000)
  • Buy-from Business Partner (tccom4120s000)

For the standard currency system, you can use the following rate determiners:

  • Document Date
  • Manually Entered

For the other currency systems, you can use the following rate determiners:

  • Document Date
  • Manually Entered
  • Delivery Date
  • Receipt Date
  • Expected Cash Date

In addition, for an independent currency system, the following rate determiners are available:

  • Fixed
  • Fixed Local
  • Fixed Hard
  • Fixed Local and Hard

Document Date

If the rate determiner is Document Date, LN uses the rate that is valid on the date and time at which the documents are created.

The Document Date rate determiner applies to all types of transactions. You can manually change the rate. If you write off currency differences, LN includes open entries with this rate determiner only if the document date has passed.

The default rate is the rate that is valid on the order date. If you generate the sales invoice in Invoicing, LN uses the rate that is valid on the invoice document date.

Manually Entered

If the rate determiner is Manually Entered, you can manually enter the rate. By default, LN uses the rate that is valid on the date and time at which the documents are created.

The Manually Entered rate determiner applies to all types of transactions. If you write off currency differences, LN includes open entries with this rate determiner only if the document date has passed.

When you generate the sales invoice in Invoicing, LN copies the rate from the order document to the invoice.

Delivery Date

If the rate determiner is Delivery Date, LN uses the rate that is valid on the expected delivery date and time on the sales order or service order.

The Delivery Date rate determiner only applies to sales orders, service orders, and sales invoices. You cannot manually change the rate. If you write off currency differences, LN includes open entries with this rate determiner only if the expected delivery date has passed.

The rate is determined for the sales order. When you generate the sales invoice in Invoicing, LN copies the rate from the sales order to the invoice.

Receipt Date

If the rate determiner is Receipt Date, LN uses the rate that is valid on the date and time at which you expect to receive the goods.

The Receipt Date rate determiner only applies to purchase orders and purchase invoices. You cannot manually change the rate. If you write off currency differences, LN includes open entries with this rate determiner only if the expected receipt date has passed.

The rate is determined for the purchase order. If you use the self billing functionality to generate the purchase invoice, LN copies the rate from the purchase order to the invoice.

Expected Cash Date

If the rate determiner is Expected Cash Date LN uses the rate that is valid on the date and time on which payment of the sales invoice or purchase invoice is expected.

Expected cash date = expected delivery/receipt date + payment period

The payment period is specified in the Payment Terms (tcmcs0113s000) session.

The Expected Cash Date rate determiner applies to all types of transactions. You cannot manually change the rate. If you write off currency differences, LN includes open entries with this rate determiner only if the expected cash date has passed.

If you generate the sales invoice in Invoicing, LN uses the rate that is valid on the invoice document date plus the number of days from the payment terms.

Fixed rates

The following general rules apply to the various Fixed rate determiners:

  • Fixed rate determiners only apply to an independent currency system.
  • The rate is fixed only if you enter it manually. If you do not enter the rate manually, LN uses the rate that is valid on the document date.
  • When you write off currency differences, no currency differences are calculated for open entries with a fixed rate determiner.

Fixed

You can use the Fixed rate determiner only for an independent currency system or a single currency system system.

If you manually enter the rates between the transaction currency and the home currencies, the rates are fixed. The other rates are based on the document date of the actual document.

If you do not manually enter the rate for the local currency, the rates are not fixed. LN uses the rates that are valid on the date and time at which the documents are created.

The Fixed rate determiner applies to all types of transactions. When you write off currency differences, no currency differences are calculated for open entries with this rate determiner.

If you manually entered the rates, LN copies the rates from the order document to the invoice when you generate the sales invoice in Invoicing. If you did not manually enter the rates LN uses the rate that is valid on the invoice document date when you generate the sales invoice in Invoicing.

Fixed Local

You can use the Fixed Local rate determiner only for an independent currency system. If you manually enter the rate between the transaction currency and the local currency, the rate is fixed. The other rates are based on the document date of the actual document.

If you do not manually enter the rate for the local currency, the rate is not fixed. LN uses the rate that is valid on the date and time at which the documents are created.

The Fixed Local rate determiner applies to all types of transactions. When you write off currency differences, no currency differences are calculated for the local currency for open entries with this rate determiner.

If you manually entered the rate, LN copies the local currency rate from the order document to the invoice when you generate the sales invoice in Invoicing. For the reporting currencies, LN uses the rates that are valid on the invoice document date. If you did not manually enter the rate for the local currency, the rate is not fixed. LN uses the rate that is valid on the invoice document date when you generate the sales invoice in Invoicing.

Fixed Hard

You can use the Fixed Hard rate determiner only for an independent currency system. If you manually enter the rates between the transaction currency and the reporting currencies, the rates are fixed. The local currency rate is based on the document date of the actual document.

If you do not manually enter the rates between the transaction currency and the reporting currencies, the rates are not fixed. LN uses the rate that is valid on the date and time at which the documents are created.

The Fixed Hard rate determiner applies to all types of transactions. When you write off currency differences, no currency differences are calculated for the reporting currencies for open entries with this rate determiner.

If you manually entered the rates, LN copies the reporting currency rate from the order document to the invoice when you generate the sales invoice in Invoicing. For the local currency, LN uses the rate that is valid on the invoice document date. If you did not manually enter the rates between the transaction currency and the reporting currencies, the rates are not fixed. LN uses the rates that are valid on the invoice document date when you generate the sales invoice in Invoicing.

Fixed Local and Hard

You can use the Fixed Local and Hard rate determiner only for an independent currency system. If you manually enter the rates between the transaction currency and the home currencies, the rates are fixed. The other rates are based on the document date of the actual document.

If you do not manually enter the rate for the local currency, the rates are not fixed. LN uses the rates that are valid on the date and time at which the documents are created.

The Fixed Local and Hard rate determiner applies to all types of transactions. When you write off currency differences, no currency differences are calculated for open entries with this rate determiner.

If you manually entered the rates, LN copies the rates from the order document to the invoice when you generate the sales invoice in Invoicing. If you did not manually enter the rates LN uses the rate that is valid on the invoice document date when you generate the sales invoice in Invoicing.

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