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multiple currency

Former Member
0 Kudos

Hey,

For clients with multiple currency, does the accounts payable subledger usually agree to the general ledger or is there a difference due to the exchange rate?

Thanks.

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi,

For multiple currency business partners, they are actually a special LC BP. You will not be able to get any other currency balances instead of local currency balance.

Thanks, Gordon

Answers (2)

Answers (2)

Former Member
0 Kudos

Hi,

Yes Accounts Payable with multiple currency Bp in it will agree as its All Currency account.

Thanks

Deepak

jitin_chawla
Advisor
Advisor
0 Kudos

Hi,

The Accounts Payable in your case will be 'All Currencies' and your Business partners are in 'Foreign Currency'. Multi Currency G\L Account maintain balance in 'Local Currency' and hence you will see all the balances in Local Currency thus matching the Accounts Payable with the General Ledger.

Check with few examples in the DEMO database.

Kind Regards,

Jitin

SAP Business One Forum Team