Re: [SL] Cross currency invoice entry

[Ed W <li...@wi...>]

Hi

I obviously appreciate your assistance, but you appear to be *telling* 
me things without *explaining* them?  Since I don't understand your 
point I'm not really any further ahead.

>> a) The invoice has to get entered today in foreign currency
>>     
>
> No, it does *NOT*. Neither today, nor in a foreign currency, nor via AP.
>   

Well, I think it does.  Can you please explain why you think otherwise?

>> b) I might not pay the bill for 1-6 months time, hence I won't have an 
>> actual rate for it until after a year end of tax quarter.  Therefore I 
>> need to account for it on an accrual basis
>>     
>
> No, you don't.
>   

Again, why not?  For example my vat return is going to look very 
suspicious if I state my taxes paid, but don't offer any revenue to 
support the tax reclaim...

> Since it does not involve local taxes you can do it with a GL entry when
> you (eventually) pay.
>   

I believe you, but I'm none the wiser on how to do this?  This was my 
initial question really - *how* to enter it...


Grateful for any pointers

Ed W