on 2007 Jul 10 8:51 AM
Hi Guru's,
Customer doing export business and post some invoices. Now he wants to revaluate invoices every 3 months for provision purpose. what is the object/logic behind this? please give me solution with customization. what should i give answer for this to my client?
regards
V.Krishna
Message was edited by:
Venkata Krishna
It all depends where they sell to.
The exchange rates may change or the value of the invoices may be very high.
Imagine a 5% move on a 1,000,000, that is 50,000.
Anyway it seems weird to re value every three months, dont they expect to receive the cash in that time.
Personally I would talk to them about the f-ex gain and losees process.
If an invoice was for 1000 Euros which was £650 and £ was the main currency.
When they pay they will pay 1000 Euros, say 45 days later and that may be worth £675. Therefore there is a gain.
What you want to be doing is having a daily exchange rate feed in, and get them to improve their AR.
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
94 | |
9 | |
8 | |
8 | |
6 | |
5 | |
5 | |
5 | |
4 | |
4 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.