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Solution: It is possible to pay a document in a different currency. For example, if the invoice is in USD and the payment is made in AED, refer to the screenshot below for guidance on handling this situation.
The received invoice is issued in USD, which matches the currency specified in the company's contract.
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Add all the relevant details, and post the document. The below will be createdcreate the trade payable balance, USD 2,590,000 and AED 9,511,775.
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Instead of a bank payment, a cash payment can also be created. Ensure that you use Petty Cash with the currency set to AED under Cash Account.
Similarly, an invoice received can be settled in a currency that differs from that of the document by generating a payment (Cash/bank/cheque) document in the payment currency that matches the bank account or petty cash currency
Thank you for being a FirstBIT customer! #Purchase#Other currency#Payment