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Martins de Almeida

Exchange rate variance automatic for two ledgers with different currencies

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When new record for customer payment, when we select partial Invoice, system calculates exchange variance in local currency because Invoice is issued in second currency (Ledger).

Can we define exchange rate variance calculation only when document is matched? For partial payments system is generating exchange variance, and we would like to have it only on the final match?

  • Hi Martins,

    Try the LOWMTCGEN General parameter found under CPT Chapter, MTC Group. The Online Help explains what the parameter does:

    "Use this parameter to control currency variance behavior when posting partial payments. The default value is No. For a partial payment, a journal entry line calculating the difference between the invoice currency and the payment currency is not generated. The automatic journal entry is only generated for full payments, therefore only for a complete match to the open item.

    "If you want to generate the journal entry that shows the currency variance for a partial payment (partial matching), you need to set this parameter to Yes."

    This parameter was added in v11p7

  • in reply to pnightingale

    Great info. We will check this, unfortunately we need to update our customer...

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