Partial Payment Multicurrency Considerations

Amount fields follow the formatting of the source currency of the open Accounts Payable invoices and all discount calculations are based on source amounts. Functional amounts are calculated using exchange rates, when the actual transactions are created (Activities>Accounts Payable>Pay Selected A/P Invoices).

The Unpaid Balance, Amount to Pay, and Discount Amount balances at the bottom, left of the Partial Payments form changes to handle second and third currency payments. (These are payments to invoices in a currency other than what they were originally booked in. Modifications have been made to Offset Account Assignments which allows you to specify a payment currency—CSH account—that is different than the entry currency—AP account.) In this case, the form functions the same in that all existing currency fields are formatted in source currency, but there is additional information in the Totals section. A header row is added and instead of two columns of information there is three. The column header for Unpaid Balance, Amount to Pay, and Discount Amount changes to Totals and the column of amounts is stated twice; once with the header of Invoiced In and once with the header of Paid In. The Invoiced In amounts display in the source currency of the invoice. The Paid In amounts are calculated using either the Second Currency Payment Method or the Triangulation Payment Method to derive what the value of a given invoice is in a currency other than what it was booked in. The Amount to Pay amount under the Paid In column is the amount the Check will be written for (in the currency that is not the same as the invoice currency), while the Invoiced In column reflects the sub ledger affects of the transaction. For more information, see Process to Settle Open A/P and A/R Transactions.