Where an invoice is raised against an FX creditor, the stock value is posted at the local currency value. What is posted to the creditors sub-ledger is the total FX value converted to local currency. Any difference between the two is posted to a rounding account attached to the System setting - LedgerPurchInvRounding.
Example
| Totals | |
|---|---|
| Part A - Physical = 10 * 48.54 (local currency) | 485.40 |
| Part A - Physical = 10 * 50.00 FX Currency | 500.00 |
| Rate = 0.97088. Posted to Creditors Sub-Ledger = 500.00 * 0.97088 | 485.44 |
| Rounding | .04 |
Journal
| Ledger | Warehouse Mask | BAS Code | Debit | Credit |
|---|---|---|---|---|
| Delivered Asset - Part A (reversal of GRN - Qty Received * Ex Price) |
|
485.40 | ||
| Delivered Liability - Part A (reversal of GRN - Qty Received * Ex Price) |
|
485.40 | ||
| Inventory Value - Part A |
|
485.40 | ||
| Delivered Liability - Part A |
|
485.40 | ||
| Creditors Control | 485.40 | |||
| Rounding Account - FX Rounding | 0.04 | |||
| Creditors Control - FX Rounding | 0.04 |
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