Customer, Company and Account currency

[Zoki]

Company default currency is RSD

I have a customer, with default currency in EUR

Invoice to the customer is in EUR

Unfortunately, "Make Payment Entry" offers me Journal Voucher only in RSD, without option to record payment in EUR 

Any hint?

Best,

Zoran

[Umair Sayyed]

Hello Zoran,

The ledger balance posting happens in your base currency i.e. RSD only. The international currency is only used in print format of Invoice. When making payment entry for international customer, the amount received from customer is recalculated with respect to conversion rate between RSD and EUR. You will enter the final amount (in your base currency) received in your bank account.

Also, the foreign exchange again / loss and other remittance charges needs to be booked in payment entry itself. Hence, payment entry is made in companies base currency only.

Hope this answers your query.

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Thanks and Regards,
Umair Sayyed
www.erpnext.com

[Zoran Djordjevic]

Hm, is it possible to have Account in non-base currency?

It is quite common to have bank account in foreign currency.

[Umair Sayyed]

Hello Zoran,

Ledger in foreign currency is not there for now. But its a long term to-do item on our list.

[Zoran Djordjevic]

Now I know.

Thank you anyhow. :)

Best,

Zoran

[Ahmed Samir]

This is a much needed function. Business's who deal with the outside word a lot need to maintain 2 or 3 bank accounts at least. Usually one is in the local currency, another in USD, and sometimes in EUR also.

Please work on this functionality with more drive, I understand it's already on your list of to-do, just wanted to highlight the importance of it.

Keep up the good work,

Ahmed 

[Rushabh Mehta]

This is a much needed function. Business's who deal with the outside word a lot need to maintain 2 or 3 bank accounts at least. Usually one is in the local currency, another in USD, and sometimes in EUR also.

Please work on this functionality with more drive, I understand it's already on your list of to-do,

https://erpnext.com/polls/development-poll-2

just wanted to highlight the importance of it.

Keep up the good work,

Ahmed 

On Tuesday, April 30, 2013 1:10:32 PM UTC+4, Umair Sayyed wrote:

Hello Zoran,

Ledger in foreign currency is not there for now. But its a long term to-do item on our list.

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