Use this activity to create an exchange gain or loss transaction. An exchange gain or loss transaction is created when you try to manually match a transaction where the amount of the cash transaction in accounting currency differs from the amount in the bank transaction but currency amount of the cash transaction is equal to the equivalent amount in bank transaction. A message will be given to you regarding the difference and you can choose to calculate and create a transaction for the exchange difference.
In order to perform this activity,
After fetching all the transactions that have not been matched/finally matched
by the given reconciliation date to The Automatic Transaction Matching
page, cashbook transactions can be found on the top list and the bank
statement transactions on the bottom list.
Select a cash transaction and a bank statement transaction with an amount different to the cash transaction amount, and manually match the transaction.
You will be displayed with a message requesting whether
you want to create a exchange difference transaction. Select Yes.
The Mixed Payment page will be displayed. Enter the transaction information in the window as required and save the information.
Note : Once you create the transaction, to match it with a bank statement transaction the information in the Automatic Transaction Matching window should be refreshed.
A bank transaction and a cash transaction should exist with different amounts.
The cash account should be in accounting currency (since payments in currencies different from cash account's currency could only be made if the cash account is in accounting currency).
A cash transaction of the type direct cash payment will be created in the system using the exchange difference information between the transactions.