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Assuming there was an invoice raised to customer JTL of USD1,000 at the rate of 1.322.40 dated 07/11/2010, as shown below.
If your reporting currency is not USD,for month end or year end reporting purposes, this USD invoice (or all foreign currencies) outstanding bills owed by customer
To print the aging report of a foreign currency outstanding invoice, you need to take note that if you choose to print in base currency,
This topic is to demonstrate the difference between using the table rate or transaction rate when printing the customer aging report.
Frequently asked question : When to use the transaction rate or table rate ?
Answer : Depending on your reporting requirement or consult your auditor.
Example : if aging date is 12/12/2010, USD rate selected will be 1.28000, or $1,280.00 for USD1,000.00
if aging date is 15/11/2010, USD rate selected will be 1.32000 or $1,320.00 for USD1,000.00
2) Select Transaction rate; when you do not revalue your customers and suppliers' accounts