We have had numerous issues with payments made by our bank to foreign suppliers recently, and throughout the process of trying to resolve these I have found myself often wishing there was a column in the Payments screen showing the payment amount in the currency of the payee. Could this be added to the Ideas category?
When querying a payment with the bank, the first question they ask is always, “What is the amount?” I can find the information by going through the purchase invoices for a supplier and drilling down on the Balance due amount, but it would save me a lot of time if I could view all payments to a particular supplier in their currency.
Our base currency is USD. Most of our stock comes from suppliers invoicing us in ZAR. We submit payment applications to our bank, and they do transfers to our suppliers from our USD bank account. Our suppliers receive the payments as ZAR deposits into their accounts.
Here is the Payments screen for one of our suppliers. I would find it very helpful if there was a column showing the ZAR amounts that were paid to the supplier.
When we have an issue with a payment at the bank, they want to know who the supplier is and what the payment amount is in ZAR. If I could see this in the above screen it would speed up my investigations. I can’t even see the ZAR amount by clicking on the View button for a given payment – I have to then click on Journal or open the edit screen.
I acknowledge that this might be a bit more complicated than it first seems. For example, many of our payments include bank charges, and these are not converted to ZAR. Here is the Journal view of the most recent payment from the above Payments screen:
I would like for the amount of ZAR 16,848.40 to be visible on the Payments screen. It makes sense that the total USD amount is there by default, but if there was a way that an additional column showing the ZAR amount paid to the supplier could be enabled, that would be very useful for me.
