How to handle wrong exchange rate Posting?

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Posted on by Joannechong

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The exchange rate set up was wrong (opposite side) thus when posted a document, the lcy is wrongly converted. How can I amend the lcy to reflect the correct convert amount? Cause if i reverse now it will also take the current corrected exchange rate.

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Dirk on at

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Did you create many entries already with the wrong exchange rate, or just a few ?
And the exchange rate has now been corrected?
Hmmm ... usually you can "change" the suggested exchange rate in the document or the journal line directly.

If the now corrected ex.rate gets suggested for your manual reverse transaction (through a journal or a document) you shoudl be able to change that to the old, wrong currency factor and then post it.
So the old transaction (with wrong rate) should equal the new transaction (also with the wrong rate).
If these are customer or vendor transactions make sure to apply these two entries.

And then post the transaction again, this time with the correct exchange rate.

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Joannechong 160 on at

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I dont seem to be able to amend the rate when create or posting the purchase invoice, are U able to lead me how?

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Dirk on at

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Hmmm. if you lick on the "Assit Edit" button (3 dots), can you change either the

Exchnage Rate Amount or the
Relational Exchange Rate Amount ?

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