In a multicurrency company, where many foreign currency transactions are entered through bank entries, it is required that a spot rate be entered at the line level rather than the entry level.
This was previously available in the older versions of bank entries, and has always been available in a GL transaction batch.
Not all bank entries are "like" withdrawals in AP and receipts in AR.
by: Sanda T. | over a year ago | Financial Management
Comments
And by default, the line exchange rate should be based on the transaction date of the line.