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Inventory Transaction History - Debit and Credit in 2 different currencies


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Hi, in Inventory Transaction History, in the accounting entries are created as follows.

the debit entry is created in SAR and the credit entry is created in USD. how this happens? please clarify?

 Company

Accounting Currency - SAR

Supplier - USD

Best answer by Shehan Almeida

Hi,

 

The Inventory will always be posted in company’s accounting currency. That's why M1 is posted in SAR.

M10 will be posted from the currency code used in the purchase order.

 

However, if you check the voucher entry the voucher will be balanced in accounting currency. 

 

Therefore, there is no issue here.

 

Hope this explains.

 

Shehan Almeida.

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2 replies

Shehan Almeida
Superhero (Partner)
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  • Superhero (Partner)
  • 270 replies
  • Answer
  • March 30, 2021

Hi,

 

The Inventory will always be posted in company’s accounting currency. That's why M1 is posted in SAR.

M10 will be posted from the currency code used in the purchase order.

 

However, if you check the voucher entry the voucher will be balanced in accounting currency. 

 

Therefore, there is no issue here.

 

Hope this explains.

 

Shehan Almeida.


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  • Author
  • Sidekick (Partner)
  • 11 replies
  • March 30, 2021

Thanks Shehan. This helps.


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