Hi Folks,
I am trying to post Intercompany General Journal in two different companies and these two companies deal in their own currency which is different from each other.
Subsidiary 1 has local currency = Euro
Subsidiary 2 has local currency = AED (Dirham)
Exchange Rate:-
1 Euro = 4 AED
1 AED = 0.25 Euro
This is the Currency Exchange Rate I have configured in Currency Master
Requirement -
I would like to send 20 Euros from Subsidiary 1 to Subsidiary 2 using GL Account 12220, and this GL has a balance of Eur. 100 (Dr).
To fulfill this I'll create a Intercompany General Journal and put the amount in and post it.
However, upon posting this Balance will turn to Eur. 95, which is deducting only 5 Euro (0.25*20 = 5)
Although, as a user, my expectation is it should show 80 as a balance as I am sending 20 euros.
Is there any discrepancy in the setup or process.
In addition to it, it is crediting 20 AED in the another company.
Please guide.
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