(04-26-2013, 06:23 AM)phil Wrote: The exchange rate is always expressed as how many of the foreign currency = 1 of the functional currency. So in your case you should be using 0.2746
That does not solve my problem, the reports still gives the same differecnces
Another issue I noticed
When I buy from the supplier in FC for e.g. USD 500 I have following entries (1 QAR = 0.2746 USD)
Purchase a/c Debit QAR 1820.75
AP Control a/c Credit QAR 1820.75 (USD 500/- Payable to Supplier)
One month later I pay the supplier USD 500/- but the exchange rate is now (1 QAR = 0.275 USD)
Hence the transaction should be
AP Control a/c Debit QAR 1820.75 (USD 500 Paid to Supplier)
Bank A/c Credit QAR 1818.18
Diff in Exchange Debit QAR 2.57
But when I simulated this in WEBERP I noticed that the transaction amount is QAR 1818.18 thereby showing a difference of QAR 2.57 in AP Control a/c.
How do I avoid this
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