Exchange gain/loss in sales invoices

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1

Dear, Good day. I need your help with the case below.

Now, we have situations where we invoice our customers in USD, and they pay in equivalent local currency as per the exchange rate at the due date. At the time of creating the invoice, we would have a specific exchange rate, but at the date of payment due, the exchange rate would be different so that we may receive a high or low amount of local currency at the due date.

Now, how can we handle this properly when creating a payment entry against the invoice? Because when we enter a high value than the invoice amount system doesn’t accept???

Thanks.

2

Hi,

In payment entry you need to enter two amount, invoice amount in USD and actual amount in local currency and after that click on the button set set exchange gain/loss button. System will create a line for the exchange gain or loss and your are all set.

Thanks,

Divyesh Mangroliya

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