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Profit & Loss Statement in the same currency?
02-09-2012, 07:50 PM,
#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]
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RE: Profit & Loss Statement in the same currency? - by thomas_lie - 02-09-2012, 07:50 PM

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