Reconciliation of Subledger trans to GL Balances

[eswarachandra]

Hi everyone
can you please let me know how to reconcile subledger foreign currency transactions with GL balances ,
1.Foreign currency transactions are entered in AR and AP for May month
2.Invoices are still open for June
Revaluation is done in GL for the foreign currenct transactions.

How we will reconcile the subledger transactions with GL balances when there is an exchange gain/loss
can you plese let me know the process how to do this.

Thanks for your early help
eswarachandra[@]gmail.com

[hiszaki]

Hi eswarachandra

The reconcile transaction will made after the payment had finished so if the invoice still open there are no problem.

After you pay the invoice you can make reconcile in CM module with the foreign currency & the exchange gain/loss will automatically calculated when you reconcile the transaction.

Thanks
Hisham