Question

How to apply partial foreign payments against invoice?

  • 20 March 2024
  • 1 reply
  • 19 views

When applying a foreign partial payment to an invoice, how do we ensure the correct balance shows on the invoice? 

 

Do we have to do the cross rate calculation for this like we do for a fully paid foreign invoice?

 

Thanks

 


1 reply

Badge +18

Hello,

If you haven’t already done so, schedule (circled) Refresh Currency Rates process to run automatically every day in both directions, as you guessed, for all currencies. When refreshing rates daily for each currency, proper exchange rates are in place for invoices and payments using any date.

When entering Payments, select the Payment Date and Currency in the Payment Payments & Applications screen.

Acumatica will calculate the proper amount to apply to the payment and will leave a proper balance on the invoice. Acumatica will calculate and post any gain/loss as each payment is made against the invoice, even if partial payments are made.

Laura

 

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