[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: Multiple currency setup and unbalanced general ledger transactions

On 14 Oct 2009, at 09:48, Pete Houston wrote:
You should raise the invoice in euros - this will ask you for the
current exchange rate. Note that this is how many GBP 1 EUR will
purchase (not the other way around). On today's rates this is about

Then when you apply the payment of the invoice (via Cash->Receipt) the
currency should be set to EUR and the exchange rate on the day of
payment should be given.

This is the procedure which I follow (rightly or wrongly!) and it seems to work most of the time with the exception of a couple of rounding oddities
(which do not seem to affect the accounts, just some presentation).

Doesn't this mean that the customer can pay the invoice in the full number of Euros, but LedgerSMB shows the invoice as not fully paid (or overpaid) because the exchange rate has changed?