Clearing FX invoice through Payables Manual Payment Entry

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Posted on by Community Member

Hello,

We're trying to clear a wire payment using the Payable Manual Payment Entry screen. This is a process that we've done in the past, however the person who normally does this is out of the office. The issue we're running into is whenever we choose a foreign currency ID the Apply button grey's out so we're unable to apply the open invoices. We use the same function for USD payments and do not into the issue. Is there a step we're missing or should we be using a different screen to clear FX wire payments? Thank you

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Heather Roggeveen 9,146 on at

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Hi

In versions earlier than 2015 (or 2013R2 - I can't remember which) - you can't apply a foreign payment at the time of entry.

Enter the manual payment in the foreign currency, ensuring correct exchange rate.

Post the payment.

Go to Transactions --> Purchasing --> Apply Payables Documents

Enter the Creditor / Vendor ID, select your payment and tick to apply it to the invoices.

Any MC gain or loss will post when you close the window.

Let me know if you need more details.

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Mahmoud Saadi 32,738 on at

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Heather is definitely right,

Clients always struggle with this specific scenario which seems not quite familiar for too many

Post the payment, and then proceed with applying it on the "Apply Payables Documents" window, you will be just fine.

Please let us know if you have any further inquiries,

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Community Member on at

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You're a lifesaver! Thank you!

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