Forex Diff.

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Forex Diff.

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

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).

Anh Han
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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.
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