Item Currency

veeravi

Hi All,
Is it possible to maintain a Item based cuurency apart from base currency?
RAVI

chengalasettyvsrao

Did you look at the fields in the ILE/ VE ?

Cost Amount (Expected) (ACY)
Cost Amount (Actual) (ACY)
Cost Amount (Non-Invtbl.)(ACY)

veeravi

The base currency is INR and all Item currency will be in USD. One client is looking for such option.

Did u get this?

jglathe

Hello Ravi,

if you mean item sales/purchase prices in currency, yes. This is a standard NAV feature. If you want all transactions of an item to be based in one currency, well, no. Only if it's also the reporting currency of the company. Then this should work, with the following limitations:

- Only one reporting currency is allowed. It is set in the G/L Setup, and is company-wide.
- Adjustment of the reporting currency rate is not supported for the inventory. To get adjusted values you would have to post the inventory to the G/L and adjust there.

A more powerful (and more complicated) way would be to use an Add-On like Smart IT TransactionCurrency as a base for your own modification. This can give you a base currency for a specific item, and a different reporting currency as well. The question is if its a strict requirement, and if it's worth the effort.

with best regards

Jens

veeravi

Hi Jens,

Thanks for the reply.

Our client is a trading company and their partners price list is in USD. So, they do expect to have same thing in the item card/masters. I have explained them the limitations and of course, Item price would be in the base currency only.

RAVI

jglathe

Hello Ravi,

then the standard NAV Item Sales/Purchases prices in currency should be sufficient. The only thing is that you don't see them in the item card, but that can be customized with comparably low effort.

with best regards

Jens