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Reply from Kalsandor on Aug 9 at 8:49 PM Did you pay the invoice in foreign currency? Did you initially record the invoice in foreign currency.
If so, you are clearing a bank transaction with same attributes as the payment transaction. Any difference should be posted automatically to realized gain/Loss. Have your technical team for the bank interface tell you what transaction is called (F-03).
The difference at the time of payment (when check was cut) was posted behind the scenes as unrealized gain/loss.
| | | ---------------Original Message---------------
From: AV
Sent: Tuesday, July 24, 2012 11:03 AM
Subject: Bank Statement Posting in Foreign Currency
Hello,
We have made a foreign currency payment (CAD) with exchange rate 0.97289 (CAD/USD). Now, we received the Bank Statement and posted the bank reconciliation transaction. Here, it posted the transaction in USD (doc. currency and local currency). We did not maintained any enhancement to look for exchange rate info in Bank statement to post the doc. currency. Can I know how this can be achieved? Also, since the Bank reconciliation is posted in USD only, is it advisable to reverse the document and post a manual transaction with the correct exchange rate? Please see below the information we received in Bank Statement with exchange rate in the record type 88 (exchange rate : 1.0056).
16,508,000000000317447,Z,00370161316 ,0000000000/
88,WIRE TYPE:INTL OUT DATE:120724 TIME:1029 ET
88,TRN:2012072300161316 RELATED REF:1220530000000149
88,BNF BK:BANK OF AMERICA NA - 51 ID:006550305831
88,PMT DET:/BFXB/PAY:CAD 3 192.25 PAYEE:EXOVA //RATE:
88,1.0056 |
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