GST Gain Loss - Manual

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Revision as of 06:19, 29 November 2016 by Twfaung (talk | contribs) (→‎Solution)

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

  • Debit Note(Gain)
DR Debtor
CR Gain Account (IES (Replace for ES43)
  • Credit Note(Loss)
DR Loss Account (IES (Replace for ES43)
CR Debtor

Supplier Side

Gain

  • Supplier Credit Note
DR Supplier
CR Contra
  • Journal Voucher
DR Contra
CR Gain Account (IES (Replace for ES43)

Loss

  • Supplier Debit Note
DR Contra
CR Supplier
  • Journal Voucher
DR Loss Account (IES (Replace for ES43)
CR Contra