Hi All,
We are facing an issue in EBS.
1. We hold bank account in EUR.
2. All the Foreign Currency Invoice is Paid through this account.
3. The Bank sends the statement in EUR.
4. If we have instructed Bank to make payment of 1000 CHF. Equivalent to say 15000 EUR based on our exchange rate.
5. Bank applies it own buying /selling rate to make payment in CHF.
6. hence once we get the Bank statement in EUR the amount shown would be say 15005 EUR.
My question is will system be able to clear the Open item in the Clearing account & Post the extra amount to foreign currency Gain/loss account automatically. If yes how to achieve that.
Just for information the Foreign currency revaluation configuration is already in place.
Request the input on this issue.