Forex Currency on Settlement

Create Invoice

• Refer to Create Invoice for the steps
• e.g: Currency Base = USD 3.5

Settlement / Collection

• Refer to Settlement / Collection for the steps

• 
  

  e.g: Currency Base = USD 3.2 → Gain (RCT Created)

• Two Receipt will be created 

Journal Created for Forex Gain:

Dr. Cashbook RM200

    Cr. ForeignGainLoss RM200

• e.g: Currency Base = USD 3.6 → Loss (PV Created)

• RCT and PV created

Journal Created for Forex Gain:

Dr.  ForeignGainLoss RM200

    Cr.  Cashbook RM200

Reverse RCT

• Refer to Reverse Receipt Voucher

Journal Created for Reversal Receipt:

Dr.  ForeignGainLos RM200

    Cr. Cashbook  RM200

Tips:

• Make sure the configuration is enabled under Customer Configuration → Advanced Options

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