Hi All,
I would like to ask your support to understand settlement exchange rate used when different currency are involved and accounting currency is different.
I have the following situation
EUR invoice 150€ accounting USD --> 120$ at 0.8ER
GBP settlement 100£ accounting USD--> 120$ at 1.2ER
When settle the transaction the system fill on the invoice a value for the adjustment exchange rate (25.864 in USD) and the settle amount is 117.67 in EUR.
| Amount settled in EUR |
117.67 |
| Amount in GBP |
100 |
| Exchange rate used |
0.849834282 |
The Vendor balance is 0 but the vendor transaction is stil open for
| Amount not settled in EUR |
32.33 |
| Amount not settle in USD |
25.864 |
My understanding is that the system settle the transaction using GBP against EUR and the remaining EUR amount represents the not settled amount due to the 100GBP conrsion in EUR.
Am I right?
Where the ER 0.8498... used to convert the GBP EUR comes from? it is not present in the ER rate saved in the system.
Should the system close the transaction on the vendor since the USD amounts were completely settled?
thank you
