Yes, via the Freight-in process, but unfortunately the Guide is misleading and is in fact, factually wrong. when it states “Both the original supplier and the separate freight-in supplier are denominated in the same currency.”
Below is a worked example where the goods supplier and the freight-in supplier are denominated in DIFFERENT currencies. The mentioned “clearing account” is a Balance Sheet account.
Example A - The Invoices
1 - Goods purchase invoice from supplier entered as their currency - say Euros
2 - Freight purchase invoice from supplier entered as their currency - say USD
3 - Landing Charges purchase invoice from supplier entered as their currency - say AUD
So you have 3 purchase invoices entered in 3 currencies
Invoice 2 gets posted to the clearing account with a base currency debit of X value
Invoice 3 gets posted to the clearing account with a base currency debit of Y value
Values X + Y = Z. This base currency Z value gets manually converted into Euros at the same exchange rate as used for Invoice 1 and then gets added via the additional two lines. This euro converted value of Z gets posted back to the clearing account as a base currency credit Z value - so the clearing account is ALWAYS zeroed out.
Further noting that the Guide’s “same currency” doesn’t necessarily need to imply “base currency”.
Example B - The Invoices
1 - Goods purchase invoice from supplier entered as their currency - say Euros
2 - Freight purchase invoice from supplier entered as their currency - say Euros
Base currency USD. Therefore even though both invoices have been “denominated in the same currency” IF they haven’t been processed using the exact same exchange rate, then the clearing account’s Z value must be cleared by using Invoice’s 1 exchange rate.
Generally, when using the clearing account for any freight-in, even base currency, the clearing account’s Z value (for that goods invoice) MUST ALWAYS BE USED, unless you have particular complicated exchange rate situations, then working from the invoices maybe required…
Especially noting the fact that in the above examples - the automatic allocation process - has been used
For a fuller discussion on this you can read the topic: