Payables and Cash Management - EBS (MOSC)

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Reconciled payment journal

edited Aug 20, 2021 7:45AM in Payables and Cash Management - EBS (MOSC) Question

Hello

Anyone can explain why journal from the AP reconciled payment for foreign payment is functional currency journal?

For example:

Functional currency = USD

Invoice currency = EUR

Payment currency = EUR

Accounting entries for payment:

Dr liability   xxx

Cr cash clearing  xxx

This created a journal in EUR currency and can see USD amount at journal line, accounting entries as above.

When the reconciled payment is done in Cash Management, bank account currency = USD

Accounting entris are created in payment (for our case) :

Dr cash clearing

Dr balance

Cr cash

Cr balance

This created 2 journals in Reconciled Payment category.

1st journal, (journal is created with EUR currency and can see USD amount at journal line

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