Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Profit & Loss Statement in the same currency?
02-09-2012, 07:50 PM
Post: #5
RE: Profit & Loss Statement in the same currency?
where can I check that the PO gets converted in the software or maybe database?

because in the P&L and balance sheet I can see the PO is specified in USD
whereas the sales is in Rupiah


(02-09-2012 07:13 PM)phil Wrote:  You then set the company home currency in

Main Menu -> Company Preferences to INR

Yes of course you can purchase in any currency - the rates need to be set up in Main Menu -> Setup ->Currencies and these purchases are converted to the local currency for the purposes of the accounting
the entries when you purchase stock and receive the stock is

DR - stock - we have goods on hand
CR - goods received suspense - we owe a supplier

note nothing is posted to the profit and loss account

Thomas Timothy Lie
Bali Open Source Solution, Indonesia
[url=http://www.baliboss.com]http://www.baliboss.com[/url]
Find all posts by this user
Quote this message in a reply
Post Reply 


Messages In This Thread
RE: Profit & Loss Statement in the same currency? - thomas_lie - 02-09-2012 07:50 PM

Forum Jump:


User(s) browsing this thread: 1 Guest(s)