You can set up a method for calculation of exchange differences in the Bank parametersform.

  1. Click Bank> Setup> Parametersto open the Bank parametersform.

  2. On the Banktab, in the Exchange differences typefield, select one of the following calculation methods:

    • FIFO- Settle expenditure transactions that have an earlier transaction date, with earlier receipt transactions according to first in, first out principle.

    • LIFO- Settle expenditure transactions that have a later transaction date, with later receipt transactions according to last in, first out principle.

    Note Note

    Only those bank transactions that have the same registration currency code are settled.

  3. On the Number sequencestab, select a number sequence code for the Bank - Exchange adjustment (FIFO/LIFO)reference type. This unique code is used when posting to the general ledger and is allocated automatically on exchange adjustment.

  4. Press CTRL+S or close the form.

See Also