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FX Gain/Loss Account - Company Settings (V7)

by
Narayana Moturi
- 09/15/2015 08:23:45
Hello All,

When does the account FX Gain/Loss Account configured in company settings will be used..?

When we are trying to pay a supplier invoice in foregin currency (USD) and the voucher is in company currency , the difference of exchange thought would be automatically posted in FX Gain/Loss Account.? Do I need to select the account manually for a difference amount in account voucher..?

Thanks,
Naran