Cross Rates AP

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Assuming you made a purchase in EUR dollar.

At Purchase Journal, you will record in the Purchase with the exchange rate of [1.56] and amount of EUR 1,797,500.0 dated 3/6/2018

 

On the 3/7/2018, you make a payment using your USD bank, bank advise as per below.


                                                                                                                                                                                                                                                            FAQ : If you get a variance at the bottom
 
                (Take USD2,117,455.00 divide by EUR1,797,500 to get 0.848896434634) and replace the exchange rate to 0.848800000
 

 

 

 

 


 

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