Invoice posted with wrong currency conversion rates

sneha

Base currency is EUR. Sales Invoice was posted in GBP. But, invoice posted with wrong currency conversion rate (it was entered as 1.52 instead of 1.11). Which is the best option to correct this now?
Option 1: update the Adj. Exchange Rate Amount, and run the Adj. Exchange Rate batch job. While running the Adj. Exchange rate batch job is there any way to filter the invoice number?
Option2: Create a credit memo for the posted invoice and then update the exchange rate correctly, and post the invoice.

chengalasettyvsrao

sneha wrote:

Option 1: update the Adj. Exchange Rate Amount, and run the Adj. Exchange Rate batch job. While running the Adj. .

If you want to adjust the Exchange rate only , then use the Adj. Exchange Rate batch job.( if you think that currecncy code what you selected is correct - GBP)

sneha wrote:

Exchange rate batch job is there any way to filter the invoice number? the Adj. .

No , There is no filteer to adjust the Particular invoice Number , But u can use the starting date , Ending date and currecny code to adjust the amounts

sneha wrote:

Option2: Create a credit memo for the posted invoice and then update the exchange rate correctly, and post the invoice.

If you think that currency code was wrong , then use this method. That means if you want to post the invoice in EUR , Not in GBP.

GeoRa

Second option is the correct one.
Adjust exchange rate procedure will only update cust. ledger entry (and DCLE) not Item ledger entry / value entry / G/L Entry