Skip to Content
0
Former Member
Apr 13, 2014 at 06:49 AM

Realised exchange gain/loss for partial payments

1611 Views

Dears,

I have a scenario wherein I am making a partial payment to foreign currency vendor (payment exchange rate greater than the invoice rate) from local currency bank account. When I select residual clearing, system clears complete invoice and exchange gain or loss is posted for complete invoice which is not correct, if I select partial clearing it never creates exchange gain loss entry. My requirement is to generate exch gain/loss only for the partial payment, I used partial payment wherein system creates a new line item for the payment with invoice reference, and clear manually in which the exch gain/loss line item is generated for the partial payment.

Please let me know if there is any better solution instead running multiple transaction.

Thanks,

Lokesh