Profit and loss statement - Inventory sales

1

The invoice that is put in foreign currency on our p & l is automatically evaluated for Indian value, but it is up to us to determine what the value of Indian Rupee is on that date and how

3

@Ibrahim_Ibrahimxpres, your post was moved to the public forum.

4

Set the exchange rate you want to use in Settings/Exchange Rate

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5

Even if I set the Exchange Rate correctly they take it wrong – for example
Actual invoice value $ 3850 x INR 71.60 = 275660 But system in system software ₹ 53.77

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6

You did not set the exchange rate properly! 1 RNP is not US$ 71.? but it is $1 = RNP 71.? (? because your screenshot is unclear).

7

i set 1 INR = 71.60 USD

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8

Which is wrong.1 USD = 71.60 INR

9

or 1 IRN = USD 1 / 71.60 = USD 0.014

10

In our P&L sales invoice value is wrong in software ( attached print screen for your ref )

see sales invoice 84

Actual invoice value $ 3850 x INR 71.60 = 275660 But system in system software ₹ 53.77

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image1366×768 133 KB

11

As mentioned you have the exchange rate wrong. Change it to 0.014.

12

It seems that you still use quite an old version of Manager for Windows. As Manager updates appear almost daily and often several times in a day, I can only state that today at this time the version is 21.6.33

13

how ? i can’t understand

$ 1 equal to INR 71.60

14

Yes, but you entered it backwards. Your exchange rate was entered as:

1 INR = 71.60 USD

15

Thank you, problem solved

16

Happy to learn it was resolved.