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author's profile photo Former Member
Former Member

Exchange Rate Difference On Take On accounts

Hi,

I am trying to run the exchange rate difference tool on debtors take on accounts that have the wrong FC amount due to differences on the exchange rate transactions. However, when I run the tool, the journal entry on the realized gain/loss account only corrects the take on account but does not correct the transactions on the actual debtors control account. Kindly assist in how I could go about correcting the transactions on teh debtors take on accounts with this tool.

Regards,

Daisy

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 23, 2014 at 05:36 PM

    Hi Daisy,

    Could you post a screenshot to show what you need?

    Thanks,

    Gordon

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  • Posted on Sep 24, 2014 at 07:42 AM

    Hi Daisy,

    once you have posted a journal entry (JE) , either a manual one or one created automatically based on a marketing document, you cannot change it anymore, it's illegal to do so.

    If you need to make corrections, you need to reverse/cancel out the existing JE & then create a replacement with the correct data.

    As for the Business Partner (BP) balances, if you have a multicurrency (MC) BP, all balances are held in local currency (LC) & any display in foreign currency (FC) is only that, a display.

    The balances for your FC BPs are held in that currency, the exchange rate doesn't make any difference on the balance, if someone owes you 100 Euro yesterday worth 10 units of you LC, he still owes you 100 Euro today, although it may now only be worth 5 units of your LC.

    All the best,

    Kerstin

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