Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

...

Particulars 

Debit 

Credit 

Payment Selection                 

100 

  

Checking in Transfer 

  

100 

On Payment Allocation 

...

 Allocation:100XXXX8 

Particulars 

Debit 

Credit 

Account Payable Trade 

100.00 

  

Payment Selection 

  

100.00 

Gain and Loss 

2.65 

  

Payment Selection 

  

2.65 

...

  • At this time, system will convert the Invoice amount to USD, Currency Type-Spot with Conversion date-15/04/2022. 

  • On Allocating with AP Invoice with AP Credit Memo in Multi-Currency, Allocation should be done in Currency which has the highest account date. 

  • System will Set Currency Rate Type of AP credit memo as it has Highest Account date present. 

  • 2.73= (7533/73.33) -(7533/75.33), System will Calculate the gain and loss. 

 

  •  

 Case 3.1.4: AP Invoice is in USD and AP Credit Memo is in INR 

...

  • At this time, system will convert the Invoice amount to INR, Currency Type-Spot with Conversion date-15/04/2022. 

  • On Allocating with AP Invoice with AP Credit Memo in Multi-Currency, Allocation should be done in Currency which has the highest account date. 

  • System will Set Currency Rate Type of AP credit memo as it has Highest Account date present. 

  • 2.65= (7333/73.33) -(7333/75.33), System will Calculate the gain and loss 

 

 

3.2 When AP Invoice is created before AP Credit Memo. 

...