Hi.
We are trying to do a settlement for a vendor purchase invoice in 2018 with 2 payments made in 2017.
The following is the synopsis.
APP-0002801 27-11-17 USD 80,070.000 (Made from our USD Bank account)
APP-0002842 27-12-17 USD 80,070.000 (Made from our SAR Bank account with rate 1 USD = 3.755 SAR)
110003667_069 11-01-18 USD -80,070.000
110003667_069 11-01-18 USD -80,070.000
As you can see, we are settling the invoices made in 2018 with the payments made in 2017. The settlement is made as of 30 Dec 2018 (today).
We notice that our exchange rate difference account has an (increase) of approx USD 58,757 (SAR 220,632.89). The voucher is as you can see below. Why is this happening?
Note that the amount currency is USD and it is 0.00. Amount in SAR is 220,632.89. Appreciate your support in understanding this.