HUCO-9
Project Goals
Vendor Bill is created in one currency but the payment to the Vendor is done in a different currency (Eg. Vendor Bill currency is USD but Vendor payment to be done in AED).
Our Solution
As of the moment, the ability to pay Bills in different Currency other than the original Currency is still an enhancement logged under Enhancement 229321: Transactions > Purchases/Vendors > Pay Bills > Select a bank account > Please allow application to other transactions with currencies different from the currency of the bank selected
I. Alternate Solution 1
Create a Clearing Account in Vendor’s Currency (eg GBP)
Pay Bills from this account (eg GBP)
Do a Transfer Fund (from GBP to the actual US account)
II. Alternate Solution 2
Open the Bill and click Make Payment button
Select a Bank Account with same Currency as the Bill
Click Save
Go to Transactions > Bank > Transfer Funds
Set the following:
From Account = Set to the Bank Account that the payment was to be made from
To Account = Set to the Bank Account selected in the payment (Point 2)
Enter the amount of the payment in the Amount field in line with the To Account field and the system will convert that automatically based on the Currency of the From Account and place it in the Amount field that is in line with the From Account field.
Click Save