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Hi,
We are a UK based company but most of the items we purchase are from the US in US$. The accounts department report in GBP £ which never used to be a problem as they had an exchange rate setup for the entire year. Now they have started to adjust the exchange rate at the beginning of each month which is distorting the stock value. What I would like to know is, is there anyway of forcing the system to change the material cost fields for all parts in a stockroom based on the current $ purchase price / current exchange rate. As we use landed costs these will also need to be added to the material cost to give the current standard cost.
I could write a program to do all this, but I would have thought it was already possible.
Any help would be appreciated. Thanks.
Lee Greenwood
IT Manager - Titan Europe Plc
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Titan Europe PLC
Registered in England No. 301 8340
Registered Office: Bridge Road, Cookley, Kidderminster, Worcestershire, United Kingdom. DY10 3SD
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