GST Gain Loss - Manual

Scenario

• Foreign Customer/Supplier but set In Local Currency in SQL Accounting
• Not buying the Currency Module & force to set Foreign Customer/Supplier in Local Currency in SQL Accounting

Solution

By using Customer/Supplier

• Debit Note
• Credit Note
• Journal Voucher
• Gain/Loss Account (Set Tax Code to IES(Replace for ES43))

Customer Side

Just Use

• Debit Note(Gain)

DR Debtor

CR Gain Account

• Credit Note(Loss)

DR Loss Account

CR Debtor

Supplier Side

Gain

• Use Supplier Credit Note

DR Supplier

CR Contra

• Use Journal Voucher

DR Contra

CR Gain Account