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Former Member
Sep 13, 2011 at 03:08 PM

Exchange rate diferences

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Hi,

I performed "Exchange rate diferences" (local currency=NIS, system currency=USD).

As a result this action effect not only the the local currency (NIS), but also the operation currency ($).

Shouldn't this action effect only the local currency?

For example:

In account 1601, the translation JE preform the following:

Before the ERT Account 1601 (before): NIS 241,077.81 ("A")

Account 1601 (before): $ 63,315.84 ("B")

FX rate as of December 31 2009 3.775 ("FX") - the Exchange rate.

The ERT Journal Entry:

In NIS: (B -(A/FX))*FX=- 2,060.51

In USD: B- (A/FX)= - 545.83

After the ERT:

Account 1601 (after): NIS 239,017

Account 1601 (after): $ 62,770

regards,

Avi