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Invoicing Currency

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Posted on by marley milo

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Hi all, my current company is set to Euro as the currency, i have exchange rates set for GBP, when a enter a sales invoice, I only j have the value in GBP, but if i enter this, NAV then converts this amount as it thinks i have entered Euro's, therefore giving me a reduced amount in GBP!!!!!!

Is there a way i can enter the GBP amount and it convert this to Euro?

Thanks

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Bilal Haider 414 on at

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Hi Marley,

In your previous post on the same topic we have tried to answer your question. Steven Chinskey has attached screenshots and give steps as well. Please go through it.

Answering shortly if your company's currency is in EUROS then Sales invoice will have currency and amounts in GBP only if the customer's currency is GBP (and it will be shown explicitly as Amount GBP) otherwise it will be in local currency. So you need to keep this in mind that if you are creating an invoice for a customer having different currency and you need to put amounts manually then put them in customer's currency (otherwise if items have prices system can convert them based on currency exchange rates for specific customers currency).

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marley milo 417 on at

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Sorry, thought i had deleted old post, customer wants to enter the invoice in GBP, as they do not have the euro amount, but if they enter the GBP amount it converts this again which is wrong, are we saying as the company best up is using euro base currency, we have to enter every transaction in euro's?

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Bilal Haider 414 on at

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I am not sure if I understand your query completely but see for example in the image below. I have created a sales invoice for a Canadian customer who's currency is Canadian Dollars and my company's local currency is Danish Krone. Now the amount I put on line will be in Canadian dollars.

If you are concerned that on posting this invoice general ledger postings will take these amounts then I want to clear you that general ledger entries will be created in your local currency. System will convert it and then post it to GL. See I have used 10 on sales invoice but system convert it and post it as 36.

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Community Member on at

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Marley,

As Bilal noted, the Customer Sales Order/Invoice and posted Invoice will reflect the GBP amount. In the General Ledger, since your LCY is EURO, this will reflect the LCY amount. When looking at the General Ledger you see the EUR amount. When looking at the Customer Card or Customer Ledger Entries, you see BOTH the GBP and Amount$ (LCY EURO) amounts.

If you are saying when you enter a document and enter, using Bilal's example of CAD, it converts on the screen to EUR, then please confirm this to be the case and send over a screen shot.

Thanks,

Steve

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