Foreign currency invoice payment in functional cur
Foreign currency invoice payment in functional cur
Hi,
Can anyone clarify this for me. Is it possible to make a foreign currency invoice payment in functuonal currency, if yes, then how.
Thanks and Best Regards
Rajiv
Can anyone clarify this for me. Is it possible to make a foreign currency invoice payment in functuonal currency, if yes, then how.
Thanks and Best Regards
Rajiv
Hello Rajiv.
An invoice has to be paid on the currency which it has been recorded. The exception goes to Euro currencies where a fixed rate exists between those currencies. When Euro started, it was possibe to pay an invoice in FRF with DEM.
In spite you are paying the invoice in a currency different from the functional, the system allways records the payment amount in functional currency (GL Journal entries).
Octavio
An invoice has to be paid on the currency which it has been recorded. The exception goes to Euro currencies where a fixed rate exists between those currencies. When Euro started, it was possibe to pay an invoice in FRF with DEM.
In spite you are paying the invoice in a currency different from the functional, the system allways records the payment amount in functional currency (GL Journal entries).
Octavio
Dears
I read before you can pay with functional currency any foreign invoice by select the functional currency bank account & make it multi currency used. So you can pay the USD invoice (foreign) with EUR (functional) but the clearing process will be with functional currency.
Is this function applicable?
Thanks
I read before you can pay with functional currency any foreign invoice by select the functional currency bank account & make it multi currency used. So you can pay the USD invoice (foreign) with EUR (functional) but the clearing process will be with functional currency.
Is this function applicable?
Thanks
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