Financial - JDE1 (MOSC)

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Gain x Loss Receipt in alternative currency

edited Aug 19, 2017 5:01AM in Financial - JDE1 (MOSC) 2 commentsAnswered

Hi all

I have the below situation

1- Invoice in GBP - 250 GBP  - this is domestic - the company, account and customer all setup as GBP

2- Customer paid in USD 320 which gives 243 GBP . Here there is a difference of 7 GBP from the original Invoice.

What should we do with the difference ?  Leave it open?

Can this be write off as a Gain/Loss ?

Should I create a Write Off code for Gain/Loss ?

Thanks in advanced for you help.

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