on 03-02-2017 5:32 AM
Hello All,
My Bank Accounts (Main,Outgoing & Incoming) are maintained in Foreign Currency (USD).
Local Currency - KES
When i am posting outgoing payment, amount in USD is coming right, but when i display currency in KES ie local Currency, amount in Bank GL is coming wrong.
eg: Bank - 100 usd cr Bank - 50 kes cr
Vendor - 110 usd dr. Vendor - 250 kes dr
VAT - 10 usd cr. VAT - 23 kes cr
ex gain/loss - 177
Please help to resolve this issue.
Thanks & Regards,
Pooja Saraf
Hi,
Have you using * anywhere in the line items to pick the amount automatically ??
Using * in the line item and Enter sometimes cause this kind of Issue...
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Hi Pooja,
Check the exchange rate in F-53 (the field next to currency. The invoice ex rate is 2,27 (250/110) but the payment Ex Rate is 0,5 ( 50 / 100 ) .
Check OB22 to know the Ex Rate type assigned to your company and OBA7 and see if your document has got a different Ex Rate Tyep.
Validate your ex rate with OB08 and EWCT.
Kind Regards
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Hello Gustavo,
No Exchange Rate were manually maintained at the time of posting.These entries have already been posted in January & millions of amount has gone into Exchange Gain/Loss Account.
I checked OB22 - exchange rate type maintained is M but in OBA7 exchange rate type field is left blank.
I even checked in OB08 & EWCT, exchange rates are coming right as maintained in OB08.
Kindly enlighten me on how to solve the error ie huge amount in exchange gain/loss amount.
I am not able to replicate this type of error now while i am trying to post this type of document. I need to find the cause of this error as i am not able to replicate the same error as of now.
Thanks & Regards,
Pooja Saraf.
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