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I have redirected a similar discussion we have had here.

https://frontaccounting.com/punbb/viewtopic.php?id=2057

I will try to explain how we eventually can solve it in FA. Please correct me if something seems wrong in my explanation.

We save the rate on the debtor_trans and supp_trans and we save the currency on the customer/supplier.

A revaluation could run with the following formula:

SUM all currency customers not fully allocated records with the rate of the record date and SUM all currency customers not fully allocated records with todays rate. The differences are booked on AR account and Exchange Variation Account.

SUM all currency suppliers not fully allocated records with the rate of the record date and SUM all currency suppliers not fully allocated records with todays rate. The differences are booked on AP account and Exchange Variation Account.

Well while we are doing that shouldn't we now replace all the rates on the records with todays rate? Otherwise we can't do this revaluation more times, right?

Can anybody see any side-effects with this?

/Joe
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If these revaluations are of importance for you, then you can do them in GL amnuelly.

The suggested implementation will require extra overhead.

/Joe

You can look at the roadmap in Mantis, http://mantis.frontaccounting.com. The project is called FrontAccounting Next. It is not yet complete.
Fa 2.4 will be released when we are ready for that. It will last at least 3-6 months

Thanks for the info about Demo 2.3.

/Joe

What do you mean by open accounts? do you mean not registered customers/suppliers? In that case the answer is no. There is, however, a POS utility setup per user in the Setup tab.

/Joe

The customer/supplier balances are always presented in the customers/suppliers currency. Any calculations in domestic currency is done by the rate per record date.

Only the GL values are revaluated. This is a correct behaviour.

/Joe

You can do the same in the Direct Supp Invoice, or,
You can setup Purchase Pricing under Items and Inventory tab, for the items and supplier.
These text will then be printed on the PO to the supplier.

/Joe

I guess it will show up in the Sales tab. Maybe you have to logout and login again. I am not sure.

/Joe

Yes there are old repgen modules from the download site. Don't use them with newer releases.

Despite the unknown written, I still think it works. At least the latest versions. I haven't any experience, however, with this module.

/Joe

The dirname(__FILE__) means the folder name of the file that included session.inc.

/Joe

1. Easy, you can register these tools as items and set the Inventory account for these tools to be of type capital assets. You can also mark them as exclude from sales.

2. If you want these additional costs to be included in the purchase prices you should be add these costs on the Supp Invoice Item Lines. You will have to distribute these costs for the line items.

Be aware then, that Import Tax may have to be booked as tax for the tax authorities. Ask your Accountant/Auditor.

/Joe

In Purchasing Pricing under Items and Inventory tab, you can enter the suppliers id and description for your items. This will then be printed on the Purchase Orders.

/Joe

I think you need to talk to an account. You cannot have foreign currency accounts in your GL (General Ledger). You should setup your foreign currency accounts as bank accounts. Then use the Bank payment/deposit (MISC) to enter your interest etc for this bank account. This will create correct GL postings in the background.

/Joe