Forum Discussion
Hi Genreve
Please read my question carefully. We already have been working with multiple currencies for the past couple of years. Our issue is not with multi currency payment
As mentioned earlier, we now make part payments to one supplier
E.g. Purchase Order AA01 Total USD 100 dated 1/7/23
Payment 1 - Deposit - 1/7/23 USD$50 @ 0.65
Payment 2 - Invoice Date - 1/9/23 USD $25 @ 0.64 - At this stage the order is converted to an Invoice
Payment 3 - Arrival of Goods - 15/9/23 USD $25 @ 0.66
Therefore the exchange rate of this transaction should be 0.649923
However, once the first payment is applied to the order the exchange rate gets allocated to this purchase and all future payments created a Exchange Gain or Loss
Yes, we can apply the exchange rate to the payment, however that exchange rate does not get applied to the purchase transaction
Hope this makes things clearer.
Hi ANDM , the design of this currency system is based on creating a transaction at one rate, and paying it at another, without returning to the original transaction and modifying the rate. When you say that the transaction exchange rate "should be" 0.6499, this suggests that you used to modify the purchase exchange rate before making the sole payment, hence no gain or loss; but with multiple payments that is not possible, as the first payment always locks the rate, it's just never been visible to you before.
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