In the system, it is possible to compensate transactions denominated in different currencies, that is to compensate transaction denominated in system currency with a transaction denominated in a foreign currency. When compensating documents denominated in different currencies, an exchange rate difference is not calculated.
Compensation of transaction in different currencies is available from the level of:
- cash/bank transaction form (button [Compensate] in the tab Payments)
- list of customer and vendor payments
- payment estimate
Example
A CD transaction amounting to 1 000.00 USD at the exchange rate of 1USD = 4.30 PLN was registered and and a CW transaction amounting to 700,00 PLN. The transactions have been compensated, as a result of which:
- The CW transaction is entirely completed
- The CD transaction is partially completed
- Compensation amount in the system currency 700, 00 PLN (the amount of the transaction amounting to a lowe value)
- Compensation amount in the foreign currency (USD): 700 PLN/4.30 PLN = 162.79 USD
- Amount to be paid in the system currency: 4,300 PLN – 700 PLN = 3,600 PLN
- Amount to be paid in the foreign currency (USD) 700 3,600.00/4.30 PLN = 837.21 USD