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I am entering cash receipts in a Multicurrency environment for customers that are not using the functional currency. I am unable to apply as I enter each receipt as the apply button is greyed out.
What is the reason for this?
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Hi Heather,
Thanks. Your response explains it clearly. I have figured by now that that was how it worked and now we know how to proceed when entering the cash receipts.
Hi Jackie
The functionality you are looking for is available in later versions of GP - it came in as part of GP 2013 R2 - give or take a version.
With that functionality, this scenario works:
Functional Currency USD
Invoice CAD
Payment CAD
You can apply the CAD payment at the time you enter it. You can't however process Payment CAD and apply to USD invoice or vice versa at the time of entry.
In the version you are using, you do have to enter and post the receipt and then do the apply. I think it is because the Apply process is when the gain / loss on exchange rate is calculated. I suspect that the code that does that was not part of the receipting function in earlier versions. I am assuming that that is what changed in the later version - they included that calculation as part of the receipting code.
Hope that helps clarify for you.
Cheers
Heather
I am sorry but I do not understand the need for that statement "If you are asking for justification - I do not have that."
My question was simply to understand if what I wanted to do was possible, and if not, why. If this is how GP works then I accept that.
If you are asking for justification - I do not have that. You can say - this is how GP works. It happens with Manual Payment as well.
Hi Sat, Thanks for your response.
This does not answer my question as I want to be able to apply the cash receipts at the time of entering then and not have to post them first. I am able to do this when I am working in a company that does not have multicurrency so I need to know if this is also available when I am working in a multicurrency company.
Post the transaction and they apply. It would let you apply.
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