Hi All,
If you need to pay an invoice in an alternate currency then you need to set up:
-accounts for payment diff in alternate currency
-clearing account for payment diff in alternate currency
Can someone explain to me how the accounting woould work if these accounts are setup? I'm don't understand why you would need a clearing account.
If the above 2 accounts are not setup up, wouldn't the differences still be caputred in foreign xchange gain/loss account? (the config for this is setup).
Any help would be appreciated.
Suhail
Moderator: The best way to understand it is reading some material on clearing exchange rate difference in SAP and doing some tests. Please, avoid asking basic questions