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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 1 (base or source) Acct 2 (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)