An invoice in foreign currency exists if the currency in the invoice is different from the local currency defined for your company code.

The buyer enters the currency that is used when placing a purchase order with a foreign vendor in the purchase order itself. Usually you receive an invoice in the currency specified in the purchase order, but you can also enter the invoice in a different currency.

Before you can enter an invoice in foreign currency, the following settings must be made in your system:

• The currency that you enter the invoice in must be defined in the system.
• An exchange rate between the foreign currency entered and your local currency must be stored in the system. You can define different exchange rates for different periods.

You enter an invoice in foreign currency as follows:

1. Enter data as required on the Enter Invoice screen.
2. Check that the currency for the gross invoice amount is correct. The default currency is the local currency of your company code.
3. If you want the system to automatically determine the exchange rate, proceed with step five.
4. If you want to enter or check an exchange rate, choose the tab page Details in the header area.
5. Enter the exchange rate.

• If a fixed exchange rate was entered in the purchase order, an error message is displayed. The invoice can only be posted at the fixed rate.
• If the exchange rate differs too greatly from that in the purchase order, a warning message is displayed.
• If the exchange rate differs too greatly from that in Customizing, a warning message is displayed.

6. Choose .
7. The system refreshes the data. Continue processing. The system displays all amounts in the invoice items in the currency entered.