Forex Diff.

Help is preferred to those who publish their work as Open Source and not as private branches rejecting collaboration. Such projects are not maintainable and shall be deleted.
Forum rules
This forum is personally pruned to avoid redundant posts. Related topics are grouped together. IF YOU HAVE REGISTERED, you need to send email to red1(a)red1.org with your username in the subject title to get me to activate you.

Forex Diff.

Postby anhhn » Fri Jul 01, 2011 11:37 am

Hi,
I'm facing problems regarding foreign exchange differences.
My accounting currency is VND, I have one USD cashbook.

On 1 Jan, I buy 100USD @20.000VND = 2.000.000VND (accounted).
So the USD cashbook show 100$ (source currency), and accounting balance is 2.000.000VND

On 10 Jan, I spent 100USD@19.500VND = 1.950.000VND
USD cashbook show 0 USD (correct), but its accounting balance is still 50.000VND.

Anyone know how to bring the accounted balance of USD cashbook to 0 (cannot using GL Journal, and if I create new charge (Forex Gain/Loss) to bring accounted balance to 0, report on source balance will messed up (0 USD and -50.000VND).

Thanks.
Anh Han
anhhn
 
Posts: 15
Joined: Tue May 17, 2011 12:09 pm

Re: Forex Diff.

Postby red1 » Sat Aug 06, 2011 8:29 am

I emailed this question to Steven Sackett, and he replied from his farm :):
Exchange diff only handled by Allocation on invoice not on payment to payment allocation I think. Need to use an invoice or extend allocation functionality. Cashbook is extra level of untested complexity. That's why I say use Payment instead.
red1
Site Admin
 
Posts: 2762
Joined: Tue Jul 06, 2004 3:01 pm
Location: Kuala Lumpur, Malaysia


Return to HELP ME!!!

Who is online

Users browsing this forum: No registered users and 5 guests