Supplier payments in Sage! Differenct currency
Louise89
Registered Posts: 296 Dedicated contributor 🦉
Hi all, please could you help out a friend who is having trouble?
"I previously posted a payment on Sage Line 50 to a supplier’s account that is held in US dollars. (Our base currency is GBP)
Yesterday I realised that I used the wrong exchange rate for the payment and went into ‘maintenance’ and ‘corrections’ which allowed me to change the exchange rate.
After doing this correction the payment amount readjusted successfully but the Currency Revaluation did not adjust in this case it was meant to increase from
*Cr £3,240.79 to Cr £3,359.91 instead the whole Currency Revaluation was deleted.
Is there any way that I can reinstate the Currency Revaluation to Dr Exchange Rate Variance and Cr Supplier?
Thank you"I hope someone can help meCheersSuzie
"I previously posted a payment on Sage Line 50 to a supplier’s account that is held in US dollars. (Our base currency is GBP)
Yesterday I realised that I used the wrong exchange rate for the payment and went into ‘maintenance’ and ‘corrections’ which allowed me to change the exchange rate.
After doing this correction the payment amount readjusted successfully but the Currency Revaluation did not adjust in this case it was meant to increase from
*Cr £3,240.79 to Cr £3,359.91 instead the whole Currency Revaluation was deleted.
Is there any way that I can reinstate the Currency Revaluation to Dr Exchange Rate Variance and Cr Supplier?
Thank you"I hope someone can help meCheersSuzie
0
Comments
-
I don't think that changing the exchange rate will effect transactions that have already been posted to the system.
May need to reverse whats been entered, with the exchange rate ofiginally used, then re-enter with the right rate.0 -
Thanks for that PGM, my friend is feeling better about the situation now!0
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