Vendor balance shows wrong in USD currnecy

ameen
ameen Member Posts: 217
edited 2009-07-19 in NAV/Navision Classic Client
Hi ,


Date : 02/02/02 , Currncy code = USd ( exchange rate = 1 $ = 55.05 LCy)

Generl ledger setup - applyn. Rounding precision = 0.00

Example :

I created a Purchinvoice with currecy code USD .

InV amount = 1 $ (Invoice amoutn In LCY = 55.05)

when i check that vendor balance card amount shows = 55.05

03/02/02 Vendor paid that amount 1 $ ( one that date LCY = 55.00)

after i pass the Payment journal vendor balance shows = 0.00

actaully it has to show the balance = .05

what is the wrong .

please clarify my doubt.
ameen

Comments

  • David_Singleton
    David_Singleton Member Posts: 5,479
    Hi ameen,

    you need someone in your company to sit down and explain accounting to you. This has nothing to do with Navision, its just that you don't understand accounting.
    David Singleton
  • ssingla
    ssingla Member Posts: 2,973
    In addition check the posted G/L transactions of the payment entry and check where the 0.05 LCY has posted.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • ameen
    ameen Member Posts: 217
    Thanks Sanddep ,


    i know which accouts effected, but is it correct way ?

    please thwosome information on this.
    ameen
  • ssingla
    ssingla Member Posts: 2,973
    If you can explain your observation of the entries I surely will suggest you the correct way.
    CA Sandeep Singla
    http://ssdynamics.co.in

Categories