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Jan 05, 2011 at 08:54 AM

Clearing forex open item with INR receipt

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Hi,

We have a scenario were original customer invoice is in foreign currency. However, the money remitted by the customer is directly credited in the bank, not in the same foreign currency, but in Indian currency. In this case, the system is able to clear if we manually enter the forex gain or loss. But this gain or loss is calculated with reference to the current exchange rate and not with exchange rate as at the invoice posting.

Any idea how this could be handled?

Thanks

Muru