Skip to Content
0

Amount due difference between AP Invoice and Outgoing Payment

May 12, 2017 at 06:44 AM

73

avatar image
Former Member

Dear Gurus,

I have done an AP Invoice with defined an exchange rate at 7.79, which differs from system rate, with Invoice Total is USD 100 and Booked $779 in Local Currency.

When I perform the Outgoing payment, it shows the Amount due is $775 Local Currency, which is valuated at system rate.

1. Why the Amount due is not based on the exchange rate declared on Invoice?

2. How to perform this kind of payment?

3. I am using LC to Paid as TT to USD, how do I perform this kind of transaction?

Regards,

Daniel

10 |10000 characters needed characters left characters exceeded
* Please Login or Register to Answer, Follow or Comment.

2 Answers

avatar image
Former Member May 17, 2017 at 07:25 AM
0

Can anyone help?

Share
10 |10000 characters needed characters left characters exceeded
Jitin Chawla
May 23, 2017 at 09:41 AM
0

Hi,

If both the Date of the Invoice and the Payment are different, then the Exchange Rate would be based on that date in the Invoice and Payment.

What is your result when you try making the payment on the posting date as the Invoice?

Regards,

Jitin

Show 1 Share
10 |10000 characters needed characters left characters exceeded
Former Member

Hi,

I have set the date same as to Invoice's posting date. However the exchange rate on my invoice (7.79) is different from the exchange table(7.75). Would it be matter?

Regards,

Daniel

0