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title	Forex - AP

Step 1: Create New Purchase Order with Currency, eg; USD 10,000 with xrate 4.4

Step 2: Create GRN by Purchase Order → assume the xrate is remain the same (xrate 4.4)

Step 3: Refer to Supplier Invoice created from previous GRN → user can create manual Supplier Invoice if auto create SINV is ENABLED

Step 4: Create Payment Voucher and settle with SINV above

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title	Forex AP Gain

Example: PV worth USD 10,000 with xrate 4.2

Journal Entry:

System will auto create Supplier Credit Memo to recognize the forex gain → refer to Supplier Credit Memo Listing

Journal Entry:

System will auto knock off with SINV

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title	Forex AP Loss

Example: PV worth USD 10,000 with xrate 4.5

Journal Entry:

System will auto create Supplier Credit Memo to recognize the forex loss → refer to Supplier Credit Memo Listing or PV document pop up (related document)

Journal Entry:

System will auto knock off with PV

...

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title	Forex AR

Step 1: Create Sales Order with Currency, eg; USD 1,000 with xrate 3.5

Step 2: Create Invoice → assume the xrate is remain the same (xrate 3.5)

Step 3: Check Monitor Outstanding Documents Currency

Step 4: Create Settlement / Collection upon receive payment from customer

Step 5: If Upload Settlement upon receive payment from customer

View file

name	Settlement Upload Templete FOrex.csv
height	250

Image Added

on EMP view to key in the settlement:

Image Added

NOTES: User need to enter Invoice Value under the payment method and the difference between the Invoice and RCT under the Forex Gain or Loss.

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