Is it possible to pay a Supplier Invoice in a different currency than Invoice Currency?

Hi Arend,

You can settle the invoice using a forign currency cash account. Is it a manual payment or a bank transfer? 

If you just want to record the payment, go to mixed payment window and select a USD cash account.

Now, you can settle the invoice invoice.

If you are using automatic payment proposal, make sure to select “Cash Account In any Currency” option in Payment Method level (Payment Methods window). Then, you can select the USD account when creating the payment order.

Best Regards

Eranda

Hi Adam,

It is true that you cannot issue a payment order in the system with payment currency other than the invoice currency. Because, payment currency and the invoice currency is same from the system perspective. But, as you know, most of the banks/clearing systems allows you to debit your account for the forign currency transactions. So, what I am assuming here is, both debtor and creditor has bank accounts in other currency, For an example,  if you instruct your bank to pay AON invoice via EUR bank account, the bank will debit your EUR account and make EUR transfer to the creditor’s bank. So, there is no AON transaction taken place within the clearing channels. But, if the creditor is only accepted AON, there might be some challenges based on the clearing channel they used. 

Best Regards

Eranda

Hi Adam,

My suggestion is to negotiate with the supplier to quote a bank account in prominent currency. e.g. EUR in this case. If the supplier has a bank account in EUR, the bank will credit the equivalent EUR amount to supplier’s bank account. So, there will be no AON transfer within the clearing system.

See the below example in relating to ISO20022 clearing.

Best Regards

Eranda

Thanks all,

So this is not possible. Will revert to the Supplier to get an Invoice in a different Currency.

Arend