Exchange adjustment

Set up parameters for exchange adjustment calculation.

Note
The General, Sales/customers, and Purchases/vendorstabs are available in this tab only if you select Incrementalor Period grand totalin the Calculation methodfield and the Extended setupcheck box in the General ledger parametersform.

Declension

Open the Monetary unit declensionsform to enter the currency declensions.

Bank exchange rate

Open the Exchange rateform to enter the bank exchange rate.

Exchange rate financial loss

Select the ledger account to which the exchange rate financial losses are posted.

Exchange rate financial profit

Select the ledger account to which the exchange rate financial profits are posted.

(Vendor primary posting)

Ledger posting

Select a ledger posting method for the vendor from the following options:

• Invoice accounts- The total invoice amount is posted to the vendor ledger account.

• Deviation from the cost price- Only the deviation amount from the cost price is posted to the vendor ledger account.

(Tax primary posting)

Ledger posting

Select a ledger posting method for tax from the following options:

• Invoice accounts- Tax is calculated for the total invoice amount and is posted to the tax ledger account.

• Deviation from the cost price- Tax is calculated only for the deviation amount and is posted to the tax ledger account.

(Purchase taxes) Taxable

Select the tax liability for purchase transactions as No, Tax, or Expense.

Ledger account

Select a ledger account for posting the tax amount to the General ledger.

Note
This field is active only if the Taxor Expenseoption is selected in the Taxablefield.