Payment Processing
The account currency controls which vendors can be paid. The account currency must match the vendor currency in order to select invoices to be paid with a computer check.
Exception to the rule: Comdata does not have to use the account's
currency.
- Start the process by selecting the Payment Selection button. Next, enter the account code that matches the currency you want to pay invoice in. Only one currency per check cycle is allowed.
- Start the process by selecting the Payment Selection button. Next, enter the account code that matches the currency you want to pay invoice in. Only one currency per check cycle is allowed.
- Select invoices to pay. Notice that the account currency is defined in the upper right hand corner of the screen.
- Use Saved Selections to select the appropriate Print Checks format for the currency you are working in.
|
Currency |
Vendor Currency: GBP |
Reporting Currency: USD |
|---|---|---|
|
Amount |
1,800.00 GBP |
$2,749.92 |
|
Exchange Rate |
1.00 USD = £0.654564 |
|
|
Posts to |
A/P and Bank Account Reconciliation |
G/L |
Journal Entry
|
Transaction |
G/L Code |
In GBP (0.654564) |
In USD (1.00) |
|---|---|---|---|
|
DR |
0209 A/P Trade - GBP |
1,800.00 |
2,749.92 |
|
CR |
0109 Currency - GBP |
1,800.00 |
2,749.92 |
