System Manager > International Module > Multi-Currency Processing Chart

Multi-Currency Processing Chart

Sales Order Invoice Processing (SO-G)

Debit Entries Credit Entries Debit or Credit

AR Control (source) Sales (base) F/E-Trxns (mixed)

Sales Tax Payable (base)

COGS (base) Inventory (base)

Commission Exp (base) Commissions Payable (base)

Customer Payment Processing (AR-C); Pay Option N

Debit Entries Credit Entries

Bank Acct (source) AR Control (source)

Customer Payment Processing (AR-C); Pay Option Y

Debit Entries Credit Entries

Bank Acct (source) AR Control (source)

F/E-Conversions (base) F/E-Trxns (base)

Customer Vouchers (AR-B)

Debit Entries Credit Entries Debit or Credit

AR Control (source) Sales (base) F/E-Trxns (mixed)

-enter source, converts to base

Sales Tax Payable (base)

-enter source, converts to base

Sales Tax Transfer (AR-L)

Debit Entries Credit Entries Debit or Credit

Sales Tax Payable (base) AP Control (source or base) F/E-Trxns (if mixed)

PO Receiving Processing (PO-C)

Debit Entries Credit Entries Debit or Credit

Inventory (base) PORNI Control (source) F/E-Trxns (Mixed)

PO Invoice Processing (AP-C)

Debit Entries Credit Entries

PORNI Control (source) AP Control (source) F/E-Trxns (Mixed)

Freight Expense (base) Sales Tax Payable (base)

-enter source, converts to base

Vendor Payment Processing (AP-H); Pay Option N

Debit Entries Credit Entries

AP Control (source) Bank Acct (source)

Vendor Payment Processing (AP-H); Pay Option Y

Debit Entries Credit Entries

AP Control (source) Bank Acct (source)

F/E-Trxns (base) F/E-Conversions (base)

Vendor Vouchers (AP-B, AP-O)

Debit Entries Credit Entries Debit or Credit

Expense (base) AP Control (source) F/E-Trxns (Mixed)

-enter source, converts to base

Bank Transfer to Base Account (GL-K)

Debit Entries Credit Entries Debit or Credit

Acct 2 (base or source) Acct 1 (base or source) F/E-Trxns (mixed)

Conversion to Base Currency (IM-B)

First transaction -- Reversal of last conversion value:

Debit Entries Credit Entries

AP Conversions (base) F/E-Conversions (base)

-if it had a credit balance

F/E-Conversions (base) AR Conversions (base)

-if it had a debit balance

PORNI Conversions (base) F/E-Conversions (base)

-if it had a credit balance

F/E-Conversions (base) Bank Acct Conversions (base)

-If it had a debit balance

Second transaction -- conversion to base currency: Formula: (current exchange rate) - 1 = (differential rate). (differential rate) x (Control Acct balance) = Conversion account amount.

Debit Entries Credit Entries

F/E-Conversions (base) AP Conversions (base)

AR Conversions (base) F/E-Conversions (base)

F/E-Conversions (base) PORNI Conversions (base)

Bk Acct Conversions (base) F/E-Conversions (base)