Insert Conv.LCY Rndg .Lines in General Journal

ameen

Hi masters,

In General Journal form. There is a menu button FUNCTIONS.

i have a function - Insert Conv.LCY Rndg .Lines.

what is the use of this funtion , how can i use this in practical scenerio.

please throw some light on this.

GRUBBYFANS

last week I have seen the online help,this is the chapter:

You can use the Insert Conv. LCY Rndg. Lines function to insert a rounding
correction line in the general journal. This rounding correction line will balance
the LCY amounts when the foreign currency amounts also balance. Afterwards
you can post the journal.
Before you use this function, you must specify the G/L accounts the program will
use for rounding corrections. You specify these accounts in the Conv. LCY
Rndg. Debit Acc. and Conv. LCY Rndg. Credit Acc. fields in the Currency
window
I hope it can help you

ameen

Thanks,,

could u explain the practical example with some values...

GRUBBYFANS

ameen wrote:

Thanks,,

could u explain the practical example with some values...

For example,if you use EUR currency code in GL,
1. Click FINANCIAL MANAGEMENT→GENERAL LEDGER→PERIODIC
ACTIVITIES→CURRENCY→CURRENCIES.
2. In the Currencies window, make sure that the Conv. LCY Rndg.
Debit Acc. and Conv. LCY Rndg. Credit Acc. fields are entered for
EUR.
Then you can input two line data in General Ledger,and then show the Amount(LCY) field on Form,if it not balance ,you can use this Function!

ameen

Thanks,

i created a sales invoice with USD currency .

sales invoice amount = 1 $ (local currency = 45. 05)

Now customer is paying 1 $ , so i created the general Journal i enter that amount and i run the function, i did not get any change .

This what i done based on your example.

please correct me if i am doing wrong.

GRUBBYFANS

ameen wrote:

Thanks,

i created a sales invoice with USD currency .

sales invoice amount = 1 $ (local currency = 45. 05)

Now customer is paying 1 $ , so i created the general Journal i enter that amount and i run the function, i did not get any change .

This what i done based on your example.

please correct me if i am doing wrong.

you msut see the Amount(LCY) field,for example:
1:sales invoice amount = 1 $ (Amount(LCY) = 45. 05)
2:but customer is paying 1 $ (Amount(LCY) = 45. 04)
you can use it!

ameen

Thanks ,

i followed your example, but i could not get any change in Amoutn in lcy.


please let me know the solution.