1 cent difference

bbcai

When we receive one payment from customer in FOREIGN currency, we will credit our CUSTOMER and debit BANK account and also BANK CHARGES in G/L. When the amount divided into 2 (Bank Account and Bank Charges), the amount in local currency will be different 1 cent from the amount credit to customer account. What is the right way in Navision to solve this issue?

ara3n

in general journal under function there is Insert Conv. LCY Rndg. Lines option select that and it will create the 1 cent rounding.

leewhite1234

Look at setting up payment tolerance. This is a way to write off fractional differences even if in the same currency, such as when you bill for .97 and the client pays .79; I set up the payment tolerance to be 1.00 or 5.00, depending on how large the client's invoices usually are. This eliminates having to create credit memos to clear these small amounts out.