What happens if a purchase order's vendor is changed and it now needs to be invoiced in a different currency?

Question

When changing vendor on a PO, and the new vendor needs to invoice using a different currency than the original approved PO, is it possible to modify the PO header?

Answer

The original currency on the PO cannot be changed; in order to have the PO accurately reflect the currency of the new vendor, copy the PO (with components re-linked if they exist), edit the vendor and currency on the pending PO, and then invoice from the new PO instead.

Additional Information

Alternately, the PO can be left with the original currency, and future invoices can be created from scratch instead of directly from the PO; in this case, the vendor and the currency don't have to match the original PO, the line item can be appended from that PO to the invoice, and the value of the line item can be updated to be the correct price in the new currency.  The original commitment will be removed when the new invoice is approved, and the expenditure will be in the new currency.

• Article last edited: 08-Apr-2020