160
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.
Thank you so much! very helpful for me! Are you searching for reliable accounting assignment help? Indeed, it’s a common problem for students, to find help in a place that always keeps up with expectations and never disappoints its customers. For me such company was the Australian company https://au.edubirdie.com/accounting, which helped me a lot last week. Accounting is an exceptionally challenging subject that demands a profound understanding of its crucial rules and formulas. If you are having a hard time with writing your tasks, rest assured that they will help you craft the best paper possible and be confident their writers are exactly what you need.
I dont seem to be able to amend the rate when create or posting the purchase invoice, are U able to lead me how?
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.
Stay up to date on forum activity by subscribing. You can also customize your in-app and email Notification settings across all subscriptions.
#1
André Arnaud de Cal...
291,269
Super User 2024 Season 2
#2
Martin Dráb
230,198
Most Valuable Professional
#3
nmaenpaa
101,156
Share
Report
All responses (
Answers (