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Former Member

EBS-Bank account & Statement in EUR. Invoice Paid in CHF. Unable to clear Open item in clearing accounts

Hi All,

We are facing an issue in EBS.

1. We hold bank account in EUR.

2. All the Foreign Currency Invoice is Paid through this account.

3. The Bank sends the statement in EUR.

4. If we have instructed Bank to make payment of 1000 CHF. Equivalent to say 15000 EUR based on our exchange rate.

5. Bank applies it own buying /selling rate to make payment in CHF.

6. hence once we get the Bank statement in EUR the amount shown would be say 15005 EUR.

My question is will system be able to clear the Open item in the Clearing account & Post the extra amount to foreign currency Gain/loss account automatically. If yes how to achieve that.

Just for information the Foreign currency revaluation configuration is already in place.

Request the input on this issue.

Regards

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2 Answers

  • Posted on Jul 16, 2013 at 07:58 AM

    Setting up a tolerance

    Regards

    Waza

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    • Former Member

      Thanks Waza for your reply.

      But this is not going to solve our problem.

      We want the difference to be posted to the Foreign Currency Gain/Loss account & not the Miscalleneous account.

      System currently is identifying the Misc. account only.

  • author's profile photo Former Member
    Former Member
    Posted on Jul 25, 2013 at 01:47 PM

    Hi,

    Any way 15000 will go for the sub bank account @ the time of posting , and 5 will go to other account if its Bank Charge , then you have the option to define the Bank charge for Customer \ Vendors .

    Below is the path for customer-

    Spro-Financial accounting-Accounts Recivable or Accounts Payable-Business Transaction-Incoming payments - Incoming payments global settings -Define Accounts for Bank clearing

    Then you can define account for transaction (BSP-Bank charges )

    Thanks and Regards,

    Arun Mulgund

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