Foreign currency: the twin document, the rate, and where the difference lands

For the whole-system operator — you run the books. Level 3 — configure and own.

By the end you can say which document actually posts your books when you invoice in a foreign currency, tell in thirty seconds which way round your exchange rate is stored, find the realised gain or loss a settlement wrote and the account it went to, and know what a void does and does not undo.

Before this series: Knocked off: what a settlement writes, what un-does it, and how to read one that half-worked

Presentations

1. The invoice you finalised is not the document that posts — about 12 minutes, narrated
2. Which rate, whose date, and which way round it is stored — about 12 minutes, narrated
3. Where the exchange difference lands when you knock the invoice off — about 13 minutes, narrated
4. Voiding a foreign-currency document, and reading the residue it leaves — about 12 minutes, narrated

Modules this series draws on

• Core Module
• Financial Accounting Module
• Sales Module
• Purchasing Module

Reference pages this series draws on

Every screen a presentation mentions is documented on one of these pages; the series does not re-document it.

• Financial Report
• Forex Applet
• Chart of Accounts Setup Guide
• How Work Actually Runs
• What a Void Undoes
• The aging still shows an invoice that’s already paid
• I knocked it off and the outstanding balance hasn’t changed

All presentations · Presentations for the whole-system operator