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...