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Hi All,
I would like to confirm, if I unapply a payment journal which is a foreign currency payment. Is the system will reverse the realised gain/loss that already posted earlier when i first applied the payment journal with invoice?
Just watch out if there is a rounding entry in detailed entries - if there is a rounding, then system doesn't let You un-apply it :(
Okay, how about the following situation, I posted an invoice dated Jan 23rd & I only received payment on Feb 3rd, so when I apply the payment journal with invoice, the offsetting date would be Feb 3rd. But then only in Mar I noticed that I offset payment with the wrong invoice, so i would need to unapply it & surely the posting date would be in Mar for this unapply right? Does the system allow this? If yes then will the system reverse the posted realised gain/loss when i applied on Feb 3rd?
Is the system will auto reverse the realised gain/loss if we apply & unapply during the same month only?
what you thought is correct. For example, after unapplying a payment in CAD for a invoice in USD, NAV will automatically reverse the loss or gain posted earlier. in the below example, the FX losses entry was reversed after unapplying a previous payment in CAD to close the invoice in USD.
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