• Registered: 05/16/2012
  • Posts: 3

Topic: Bank Charge with Foreign currency payment

Entered a customer payment into bank account(foreign) with bank charge also in that currency.

Journal entries posted were correct, which were converted to default currency.

If viewed in bank account inquiry, the amount posted somewhat looks like paid amount(converted to local)+bank charge(still in foreign), which is wrong and inaccurate.

  • joe
  • Administrator
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  • Registered: 03/15/2007
  • Posts: 5,107

Re: Bank Charge with Foreign currency payment

No, this should be correct posted. Which version of FA are you using?

I just tried the following.

Made a customer payment (in GBP) 60 and Bank Charge (in GBP 10).

Into a USD account.

GL entry: USD account debit 80.76. Accounts receivables credit 96.91 and Bank Charges debit 16.15.

So far so good.

In USD bank account transactions: debit 80.76 which is correct.

In the GL entry, the grand amount 96.91 was booked on the receivables and the bank amount was reduced by the bank charges.

If you have any errors here, you may have an old release of FA. There might have been bugs during the time.

/Joe

  • Registered: 05/16/2012
  • Posts: 3

Re: Bank Charge with Foreign currency payment

I have version 2.3.9 installed so I suppose there lies the problem. Just now, I've tried downloading 3.10 to test and it's working correctly.

Thanks.