Vendor Payment Example

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For example, you enter Voucher # 300555 with the following currency information:

•	ObjAcct Company Base Currency is U.S. Dollars (Currency ID = USD)

•	Voucher # 300555 is entered for 200 Canadian Dollars (Currency ID = CAD)

•	The U.S. dollar value of Voucher # 300555 is 170.00, using a CAD to USD exchange rate of .85 effective on the voucher date of 11/01/2005.

On 12/15/2005 the voucher is selected for payment and the CAD to USD exchange rate is .90.

The U.S. dollar value of 200 CAD on 12/15/2005 is 180.00.

Therefore when the voucher id paid, a Realized Loss of 10.00 U.S Dollars will be posted to the Realized Loss Account and Class setup in the Currency List screen for the CAD Currency ID. The offsetting amount will be posted to the Vendor AP Account.