Invoice Currencies

[Derek Atkins]

Hi,

Jeremy Andrews <jeremy at tag1consulting.com> writes:

> Hello,
>
> I'm trying to figure out how to track invoices that are in different
> currencies than my default currency.
>
> My default currency is USD.  I'm billing a customer in Euros.  When I
> set up the Customer account, I configured their Currency for Euros.  I
> then create a new invoice, and enter the quantity and price.  At the
> bottom, it shows me the total preceded by a $ -- does that mean the
> invoice is not being tracked in Euros?
>
> If I post the invoice, it shows up in Accounts Receivable with a 0
> balance, instead of the (for example) 100 Euros I entered in the
> invoice.  I have gone to the price editor and set up a EUR -> USD
> conversion rate, but this doesn't seem to help, the invoice still posts
> with a 0 balance.
>
> If I try to mark the invoice payed at Business -> Customer -> Process
> Payment, it populates the invoice amount as 0.00.  If I accept that,
> then go to my register and try to adjust the payment, it tells me "You
> need to expand the transaction in order to modify its exchange rates."
> Where do I do this?
>
> How can I get this invoice to show up in accounts receivables?  And when
> the payment finally comes through from the client, how can I adjust the
> conversion rate based on what the bank actually gave me (versus what it
> is today)?

Make sure your Invoice (via your Customer), A/R, Asset, and Income
accounts all have the same currency.  It sounds like in your case
they do not.

> Thanks,
>  -Jeremy

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available