Forex Credit Memo

Step 1: Create New Purchase Order with Currency, eg; USD 10,000 with xrate 4.4

Step 2: Create GRN by Purchase Order  → assume the xrate is remain the same (xrate 4.4)

Step 3: Refer to Supplier Invoice created from previous GRN → user can create manual Supplier Invoice if auto create SINV is ENABLED

Step 4: Create Payment Voucher and settle with SINV above

Step 1: Create Sales Order with Currency, eg; USD 1,000 with xrate 3.5

Step 2: Create Invoice → assume the xrate is remain the same (xrate 3.5)

Step 3: Check Monitor Outstanding Documents Currency

Step 4: Create Settlement / Collection upon receive payment from customer

Step 5: If Upload Settlement upon receive payment from customer

on EMP view to key in the settlement:

NOTES:  User need to enter Invoice Value under the payment method and the difference between the Invoice and RCT under the Forex Gain or Loss. 

Step 5: Create Reverse Receipt Voucher → if any

Journal Entry:

Step 6: Check Statement of Account Currency