Bank Reconciliation: Foreign Exchange
SummaryBank Reconciliation: how to account for foreign exchange gain/loss between bank statement and AP system transaction
An Oracle AP invoice amount of 152.49 AUD and it will be pay in the accounting currency of GBP for 83.99.
The Bank Statement transactions shows the GBP amount = 84.32
What is the best approach to settle the exchange rate difference on this transaction within the Bank Reconciliation module?