Bank Transfers between 2 currencies and Cash Position
Hi All,
Need help on how the following requirements can be achieved:
1. Bank Transfers
I have a Primary Ledger (PHP) and Reporting Ledger (USD)
Now, i made a Bank Transfer from USD to PHP in my Primary Ledger
I was able to Apply and Validate this BAT.
During Bank Reconciliation, the exchange rate is different from the time i made the BAT.
I changed the rate during reconciliation.
But i expect gain/loss on my GL but this does not seem to happen.
Am i doing the right thing?
2. Cash Position
In my Cash Position, the Cleared amount (with new rate) during Bank Reconciliation should be reflected.
Need help on how the following requirements can be achieved:
1. Bank Transfers
I have a Primary Ledger (PHP) and Reporting Ledger (USD)
Now, i made a Bank Transfer from USD to PHP in my Primary Ledger
I was able to Apply and Validate this BAT.
During Bank Reconciliation, the exchange rate is different from the time i made the BAT.
I changed the rate during reconciliation.
But i expect gain/loss on my GL but this does not seem to happen.
Am i doing the right thing?
2. Cash Position
In my Cash Position, the Cleared amount (with new rate) during Bank Reconciliation should be reflected.
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