Error in Outgoing Payment for Local Currency: "Realized conversion differences account is not defined [Message 3821-37]"

[rajesh_khater]

Hi,

I have made an AP DownPayment Invoice for a Vendor (Vendor Master uses Local Currency) with Withholding Tax.

In Outgoing Payment, I select the AP DownPayment Invoice and enter the Payment Means.

While saving, I am getting this error: "Realized conversion differences account is not defined   [Message 3821-37]"

There is no Foreign Currency involved at all, and both AP downpayment invoice and Outgoing Payment are on same date.

See screenshots below:

[Former Member · Accepted solution]

Hi Rajesh,

It's due to system currency and local currency different.

You need to map Realized Exchange Diff. Gain and Realized Exchange Diff. loss account in GL detemination.

Regards,

Chintan

[rajesh_khater · Accepted solution]

But the question is that there is no rate difference at all, and there is no gain or loss involved !

Then why should the Conversion Diff. GLs be involved at all?

[Former Member · Accepted solution]

Hi Rajesh,

Even though no gain or loss involved, system requires gain and loss account to map to maintain report in dual currency.

Hope it helps.

Regards,

Chintan

[rajesh_khater · Accepted solution]

Actually due to division, there are gains or loss of very small amount due to rounding off issues; hence the system posts this to Conversion Diff. GLs.