Difference between revisions of "Dealing with currency accounting in Platinum?"
From Catalyst
(→See Also) |
|||
| Line 13: | Line 13: | ||
* [[How do I Add a New Currency?]] | * [[How do I Add a New Currency?]] | ||
* [[How do I View an Amount in a Different Currency?]] | * [[How do I View an Amount in a Different Currency?]] | ||
| + | * [[How do I Add a New Country?]] | ||
{{KB_Tags|Purchase, Invoice, Posting, currency, sterling}} | {{KB_Tags|Purchase, Invoice, Posting, currency, sterling}} | ||
| − | {{ZN_Accounts}} | + | {{KB_SL}}{{KB_PL}}{{ZN_Admin}} {{Hint}} {{ZN_Accounts}} |
Revision as of 11:02, 30 September 2013
Summary
Occasionally, you may have to deal with a supplier/customer in a different currency. The following article explains how to do this.
More Information
In this example, we are going to deal with the process of posting a purchase invoice and then paying it off.
- POST the purchase invoice onto the purchase ledger in the normal way, but you must convert the currency to sterling before you post on the amount.
- When the time comes to PAY the supplier, perform a currency conversion at that day's rate and do a part payment. (It is assumed at this point that there has been a difference in the exchange rate from when the invoice was posted to when the invoice was paid).
- Any amount left over, or over-paid needs to be paid off to a nominal code called Currency Fluctuation. For help creating a code, see HERE.
See Also
- How do I set up currency translation?
- How do I Add a New Currency?
- How do I View an Amount in a Different Currency?
- How do I Add a New Country?
