Given Exchange Difference Invoice
In case of exchange rate difference between the invoice and payment date when the payment date of previously issued invoices arrives, the amount resulting from this difference is invoiced, whichever party has an exchange rate difference in favor of it. This invoice is called "Exchange Difference Invoice".
Path: ERP > Sales-Distribution > Invoice > Sales Invoice
What to Pay Attention to
- If "Accounting Transaction" is not checked in the transaction category, accounting transactions "Accounting Transaction is Not Performed for the Transaction You Selected!" warning appears.
- If the invoice amount is 0, even if "Accounting Transaction" is selected in the transaction category selected for the invoice, transactions with a value of 0 do not make accounting transactions.
- The Exchange Rate Difference product must be defined in the system and the "foreign exchange profits" account must be selected in the accounting sales account code of this product.
- The "exchange rate difference to be deducted" must be entered in the unit price section of the added product in the basket.
- Payment Method must be entered. Otherwise, payment performances cannot be monitored.
- The second currencies of the lines must be entered, otherwise a report cannot be received according to the transaction currencies.
From the "Operation Type" section on the Sales Invoice new record screens, "Supplied Exchange Difference Invoice" is selected and the transaction is recorded after filling in the other necessary information.
There is a "Accounting Transactions" icon on the upper right in the detail of the resulting sales invoice. You can view the offset slip of your invoice by clicking on this icon.
How are the accounting records of the exchange difference invoice created?
For the issued Exchange Difference Invoice, the product "Exchange Difference" is defined in the system. 120 Current account will be debited and 646 Foreign Exchange Profits Account will be credited with
Invoices create accounting vouchers according to both the criteria selected in the transaction category and the criteria selected in the document. Therefore, you should first make the settings on your accounting slip based on the transaction type.
Why does the transaction currency debit-credit amount in the given exchange rate difference invoice appear as 0?
The transaction currency results of the invoices are listed on the current statement screen. The exchange rate difference is used with a buying or selling character to cover the difference with the local currency. Therefore, the transaction currency amount is 0 in the exchange difference invoices issued.
