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We would like the difference of Vat from exchange rate record in Realize VAT Account instead of Gain & Loss of Exchange rate Account.


This always happen when... select a unrealized vat and use a difference Exchange Rate.

Example:

  • Open Sales Invoice with foreign currency (Exchange Rate= 38.00) and select Unrealize VAT. (VAT= 7%)
  • After posting a sales invoice. General Ledger Entries record the Vat in Credit Amount at Unrealize VAT Account.
  • Then receive money at the Cash Receipt page with Exchange Rate = 40.00
  • After posting a Cash Receipt. General Ledger Entries record Vat from exchange rate in Gain & Loss of Exchange rate Account.


So, we would like the difference of Vat from exchange rate record in Realize VAT Account instead of Gain & Loss of Exchange rate Account.


STATUS DETAILS
Needs Votes
Ideas Administrator

Thank you for your feedback. Currently this is not in our roadmap; however, we are tracking it and if we get more feedback and votes, we may consider it in the future.

Your help is greatly appreciated,
Aleksandar Totovic
PM, Microsoft