In Attaché you can raise invoices in a foreign currency, but the system only allows for AUD payments. Setups in your system will be needed for Invoice screens to allow Currency and Exchange Rate details.
You will also require an additional GL Set and GL Codes to be set up to allow recording of FX Gains and Losses.
Entering a foreign currency Invoice
Make sure that your Supplier Invoice Entry screen has the foreign currency fields. Follow the steps in the article add a data field in Form Designer for Customers/Suppliers.
The Currency Code will default from supplier Masterfile.
The exchange rate will be updated from the Masterfile, and you can edit this in the invoice entry screen.
When you click Accept (F9), the invoice it will be saved in AUD based on the exchange rate details.
To pay the invoice
When entering foreign currency payments in Suppliers, the “Discount” column in Pay Selections can be used to enter the foreign exchange gain or loss. The recommended payment method is to use Pay Selections and not Supplier Manual Payments. This is because manual payments do not allow a negative discount.
For the supplier where FX applies you may wish to create a specific GL set to specify the Discounts Received GL account to the appropriate FX Gain/Loss GL account. For other suppliers you may wish to use a different GL set so that the Discounts Received GL account can be specified for suppliers who offer true discounts (e.g. Discounts Taken GL account in Cost of Goods Sold).