Multicurrency Payment of Bills: Generated Transactions
To be able to pay an AP bill in a foreign currency by using the base currency or another foreign currency, you create and process a bill and a payment. To update vendor balances, the system generates the GL transactions described in the following sections.
Transaction Generated for an AP Bill
When you create and release a one-line AP bill, the system generates the following GL transaction.
| Account | Debit | Credit |
|---|---|---|
| Accounts Payable account | 0.00 | Amount |
| Expense account | Amount | 0.00 |
You can view the reference number of the GL batch on the Financial tab of the Bills and Adjustments (AP301000) form.
Transactions Generated for a Bill Payment
When you create and release a payment in a foreign currency for a bill in the base currency, the system generates the following GL transaction.
| Account | Debit | Credit |
|---|---|---|
| Cash account | 0.00 | Amount |
| Accounts Payable account | Amount | 0.00 |
| Realized Gain/Loss (bill currency) account | Realized loss amount | Realized gain amount |
When you create and release a payment in a foreign currency for a bill in another foreign currency, the system generates the following GL transaction.
| Account | Debit | Credit |
|---|---|---|
| Cash account | 0.00 | Amount |
| Accounts Payable account | Amount | 0.00 |
| Realized Gain/Loss (payment currency) account | Realized loss amount | Realized gain amount |