Currency difference

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Posted on by Community Member

I am using NAV 4.0 and have this issue:

My base currency is USD. I had raised an Invoice on an international customer in USD. This customer went ahead and paid me the full and final payment in one go, but in EURO. And both these entries have already been posted in NAV. How do I now apply the money received against the Invoice, since both the currencies are different?

Thanks... Sharad

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Community Member on at

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RE: Currency difference

Thanks Jens... I will check this out.

Best Regards... Sharad
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Jens Glathe 6,092 on at

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RE: Currency difference

Hi Sharad,

you can apply these entries if the application setup (in Purchases & Payables Setup) is set to "all currencies". Be prepared for realized gain/loss, though. The currency exchange rates table should have a valid rate for the application date (usualy the payment date).

with best regards

Jens