Hi all.
I apologise if the above subject has been discussed already.
I record an overseas invoice in its currency.
Im now trying to pay. After ensuing the FOREIGN CURRENCIES & EXCHANGE RATE settings have been activated, I cant seem to have the payment converted from the overseas currency into my currency.
Did I do something incorrectly?
Please provide screenshots and further details on your implementation, so that others can assist you. It’s difficult to know what might have been done incorrectly, if we’re not sure what you’ve done in the first place 
Thank you. Shall do that accordingly
Please find attached screenshots of the documents regarding above-mentioned topic.
I assume that in the purchase invoice fields, the exhange currency should automatically calculate and show in the relevant field. But it does not…
Please kindly help.
For future reference, the View screens of transactions are of relatively little use for troubleshooting. You need to post Edit screens. Nevertheless, in this case the issue is clear.
You have a supplier denominated in dollars (presumably Australian) and a bank or cash account in kina. There is no automatic linkage or conversion between these when making a payment in kina against a payable in dollars. Conversions occur automatically only when stating the balance of accounts in your base currency for financial statement purposes.
However, you can force an equivalency to prevent constant fluctuation of payment status against a purchase invoice. When a payment form includes a supplier denominated in a foreign currency being paid from a bank or cash account in your base currency, an additional field will appear in which can enter the equivalent foreign currency amount. This way, the program calculates the equivalent exchange rate for that transaction and fixes the payment status of the invoice. Subsequent fluctuations in exchange rates then show up in the Foreign exchange gains (losses) expense account rather than Accounts payable.
Thank you. I thought i was doing something wrong. Thank you again.
