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BC:

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Article:

Foreign Exchange Variance is getting comingled with Pure Purchase Price Variance

Hi All!!

I was wondering if I could get some assistance reviewing this enhancement request.

At CTOS we have Distribution Orders that cross borders to and from the US and Canada. When we ship product from the US to Canada the Goods in Transit gets hit at one Foreign Exchange (FX) rate and another FX rate when the order is received into inventory.

For varying reasons the base standard cost is not always the same from facility to facility. Thus, Purchase  Read more...Price Variance (PPV) will exist at an intercompany level. Because M3 does not have a set of accounting rules that trigger Pure PPV and FX Variance separately, they both get booked to the same account by default.

The impact to the business is significant because it presents challenges when trying to analyze true cost and using our findings for procurement and standard cost maintenance. The other side of the transaction is the difficulty getting to the value of the FX variance.

We are seeking an Infor Enhancement to create the appropriate Accounting rules that separate Foreign Exchange Variance from the total variance. Show less...
Delivered Read
Group: *MUGA
BC:
[Watch Video] VOICES FROM COMMUNITY

Building Stronger Connections: How Leveraging Community Wisdom Can Drive Collective Growth

Why Community Connections Matter
At its core, a community is more than just a group of people living or working in the same area. It’s a network of individuals who, when connected, create opportunities for learning, support, and mutual growth. Yet, in an era where technology and digital platforms often dominate our interactions, the  Read more...true power of personal connections can be overlooked.

Think about it: every community member carries a wealth of experience, knowledge, and insights. When we actively build bridges with one another, we tap into this vast pool of wisdom. By fostering these relationships, we not only enrich our own lives but also create a ripple effect that can help solve local challenges, spark innovation, and strengthen the bonds that hold us together.

https://youtu.be/kq1j76c7Zsw?si=cezdc_jS10EoLE77 Show less...
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Group: WorkOutLoud
BC:
WorkOutLoud is wishing all of our valued Partners, Customers, Users Group Communities and Associations a heart felt day with everything you love😀

#AmazingCommunities #collaboration #WorkOutLoud Read more... #HappyValentinesDay Show less...
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Group: WorkOutLoud

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