The Exchange rate could be changed on the Bill Payment Receipts with Foreign Currency.
The system should now calculate the exchange rate Gain and Loss Transactions according to the new exchange rate.
The Exchange Rate gain/loss transaction is created based on the difference in the exchange rate between the original Bill/Vendor credit/Vendor prepayment and Bill payment.
How does it work?
- Go to the Bill Payment Centre, double click to open the Bill Payment (Not Home Currency).
- Edit the Bill Payment in Foreign Currency.
- Change the Exchange Rate.
- Click Save.
- Now the Transactions will be Balanced, you can see it in the Journal transaction View by right-clicking.
Note: This is applicable to all types of Bill Payments (Paid Amount, Vendor Credit Applied (VC), Vendor Prepayment Applied (VP), Discount Applied).