MST Currency Being Calculaated In A/R Exchange Adjustment

ervira

Dear All,

I'm using IDR as company currency (MST Currency). While i ran exchange adjustment A/R batch job, there are several A/R in IDR that calculated as a gain/loss forex. How could that be?

I've checked that transaction, and found that A/R using 0,10 as an exchange rate (on IDR). and now IDR Exchange rates is 1,00. Are that makes an effect?

Somehow, is there any way to reverse journal that created from exchange adjustment? :shock:


Regards,

Ervira

kapil4dynamics

It happened because u might have given some different rates for ur company currency as well e.g. ur base currency is USD then the exchange rate for USD should be 100 or 1 based on ur setup of express exch rate in GL setup, u might have given something else instead of 100 or 1. Make sure it is 100 or 1 for ur base currency and then run the adjustment again it would reverse the earlier entries. Remember any change in exchange rate would create additional entries even if they are settled in case ur considered date is earlier than the settlement date of exchange batch job run date.

Perform this on test environment first and if results are Ok then repeat on Live system.

ervira

kapil4dynamics wrote:

It happened because u might have given some different rates for ur company currency as well e.g. ur base currency is USD then the exchange rate for USD should be 100 or 1 based on ur setup of express exch rate in GL setup, u might have given something else instead of 100 or 1. Make sure it is 100 or 1 for ur base currency and then run the adjustment again it would reverse the earlier entries. Remember any change in exchange rate would create additional entries even if they are settled in case ur considered date is earlier than the settlement date of exchange batch job run date.

Perform this on test environment first and if results are Ok then repeat on Live system.

Yes Indeed. Several transaction posted in a diffrent rates. We using 1 but there were 100. Thanks for the reply!