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 to Local Currency in SQL Accounting

Solution

By using Customer/Supplier

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

Customer Side

• Debit Note(Gain)

DR Debtor

CR Foreign Gain Account (IES (Replace for ES43)

• Credit Note(Loss)

DR Foreign Loss Account (IES (Replace for ES43)

CR Debtor

Supplier Side

Gain

• Supplier Credit Note

DR Supplier

CR Contra

• Journal Voucher

DR Contra

CR Foreign Gain Account (IES (Replace for ES43)

Loss

• Supplier Debit Note

DR Contra

CR Supplier

• Journal Voucher

DR Foreign Loss Account (IES (Replace for ES43)

CR Contra

See also

• GST Bounce Cheque
• GST Summary Sheet - MY-Detail
• Others Customisation