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Exchange gain/loss

Posted: Fri Jun 19, 2009 3:38 am
by Goutamasa
Hi there,
I am facing one strange issue. In AR, we created one receipt. We applied transactions to that and against some transactions we are getting "Exchange gain/loss".

What is confusing us is we did not define any currency other than INR in Currencies. Can anyone let me know why that exchange gain/loss has come even though we did not define more than one currency.

Posted: Sat Jul 04, 2009 2:36 am
by Goutamasa
can anyone please look into this??

Posted: Mon Jul 06, 2009 8:49 am
by George
Hi,

If the transactions have been recorded in any other currency, an application of a receipt will create exchange gain/loss. Please check if the transaction currency and the receipt currency is different from the functional currency for the ledger

Posted: Mon Jul 06, 2009 9:36 am
by raviteja.manchu
Hi,

Just check weather currency definition has changed by anyone and verify the exchange rate that the system is taking at the time of receipt.