Foreign currency received and payment made in different forex rate in single transaction

[Former Member]

Hi Guys,

I have a query here as our client has a requirement where they receive payment in Foreign currency and then further wants to make payment line item wise in different currencies as per forex rate in one single entry.

Kindly suggest on this issue.

Regards,

Achin

[sanilbhandari]

Hi

Your scenario is not clear.

If you are looking at making payments at different rates in one accounting journal for a foreign currency, how do you expect the entry to be balances in local currency, since the debits and credits may not match in local currency.

The Exchange rate is always defined at the header and is applicable for all the line items in the journal entry.

Regards

Sanil Bhandari

[Former Member]

Hi Sanil,

You are absolutely correct on this, but this is our client's query they want it to be this way so is there any way possible where we can do some enhancement and fulfill this requirement.