Accounts payable, supplier balance not reconciling due to currency
Jennifer_8691110
Member Posts: 1 ✭
I use multi-currency in Reckon hosted. There have been ongoing variances between accounts payable report value and balance sheet total (which matches supplier balance summary report).There is an issue with payments made in a foreign currency.
EG 110,000 Euro payment made at rate of 1.48765 = AUD 163641.77 - which is the amount in the supplier screen and AP aging However, the g/l and supplier balance report is showing this payment as AUD 157698.68.
Any ideas why this is happening?
Thanks
EG 110,000 Euro payment made at rate of 1.48765 = AUD 163641.77 - which is the amount in the supplier screen and AP aging However, the g/l and supplier balance report is showing this payment as AUD 157698.68.
Any ideas why this is happening?
Thanks
1
Comments
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How did you go with this?
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