on 11-12-2017 12:17 PM
Dear All,
I have a question about conversion difference calculation.
in my sap, LC is MMK, SC is USD and FC is CNY.
I made the AP invoice with FC with exchange rate 100 on 01.10.2017. (invoice amount is CNY 8419.82) After that, I made the outgoing payment with exchange rate 105 on 10.10.2017. (by Cash in hands account).
When I checking to the JE of outgoing payment. System shows
Cash in hand--> USD 651.98(cr)
supplier account--> USD 651.98(dr)
exchange rate loss-->USD 31.05(dr)
supplier account --> USD 31.05(cr)
conversion difference-->USD 2.76(cr)
supplier account --> USD 2.76(dr)
please explain to me how conversion difference is calculated. And according to the JE, supplier account is debited (Invoice_amount*exchange rate on date of AP invoice creation) instead of (Invoice amount * exchange rate on date of outgoing payment).
Someone pls help me.
Hi Jitin,
No. there is only one AP invoice and one outgoing payment. I made the full payment. The difference is exchange rate.
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Hi,
Was there any other Payment involved and that was canceled?
Regards,
Jitin
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
103 | |
12 | |
11 | |
6 | |
5 | |
4 | |
3 | |
3 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.