Table of Contents

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Foreign Currency Debtor Payments

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1. Must be used if customer uses FC.
2. Must not be used if customer does not use FC.
3. Automatically used if:
   1. Debtor payment opened from FC customer's Transactions list.
   2. New payment started from FC customer's Action menu,
      1. FC amount from customer's total FC owing.
      2. AUD amount from customer's Total Owing.
      3. FX rate calculated as the relative rate between them.
   3. 'Record a payment for this invoice' chosen from FC debtor invoice Action menu:
      1. FC amount from invoice open FC amount.
      2. FX rate from invoice.
      3. AUD amount calculated from FC amount using FX rate.
4. When a customer is selected on an FC debtor payment form:
   1. FC amount from customer's total FC overdue (i.e. excluding current). 
   2. AUD amount from customer's Payment Due.
   3. FX rate calculated as the relative rate between them.
5. On a new FC debtor payment the bank account will default to the lowest sequence bank account in the same currency as the customer. If no bank account in the customer's currency then the default debtor bank account.
6. The FC amount, the FX rate and the local amount are all editable on a FC debtor payment form.
7. If the FX rate is empty and either the FC or local amount is changed then the FX rare will be calculated as the relative rate between them.
8. If the FC amount is changed then the local amount will be recalculated using the FX rate.
9. If the local amount is changed then the FC amount will be recalculated using the FX rate.
10. If the FX rate is changed then the local amount will be recalculated using the FC amount.

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1. If a FC debtor payment is allocated to an invoice with a different FX rate then an adjustment journal will be written for the difference between the allocation amount converted to local currency using the payment FX rate and the allocation amount converted to local currency using the invoice FX rate.
2. The adjustment journal will have local currency amounts only.

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See Foreign Currency Transactions (fx)#ForeignCurrencyDebtorPayments

Sending Statements to Customers

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Uploading Large Remittance Advice - eg buying groups

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