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Reply from matsusoh on Jul 31 at 11:32 PM The payment instructed to bank would deduct your fund in CAD and convert it
to USD to pay your vendor via on-line banking. This data will show up in
your bank accounts in CAD and clearance needed to be done from vendor
invoice USD to bank transaction CAD.
At AP ledger invoices clearance, USD is treated only as doc currency, and
local currency would be projecting the forex differences. Assuming local
currency is in CAD, AP payment will have 2 figures in CAD posted in two
conversion rates (i.e.:Invoice booking date / bank payment date) which in the
end, the differences in CAD will be cleared out to a forex account.
Hope this helps.
| | | ---------------Original Message---------------
From: Mohammad Hanif
Sent: Tuesday, July 31, 2012 11:54 AM
Subject: How to Pay USD Invoice in CAD
I want pay a USD invoice in CAD. Our document currency is CAD and we do not have a USD bank account. What needs to be done? |
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