Paying AP Invoice with Different Currency

Epicor ERP 10
1

Hi,

Is there any way we can settle an AP Invoice in GBP currency with USD? We have issued PO in GBP, was invoiced in GBP, but we paid in USD since we only have a USD bank account.

Appreciate your help.

Thanks,

Fred

2

We have a similar situation with periodic payments in Euro. To clear these in the system we have setup a Euro Bank Account in Epicor called Euro Clearing. The word clearing is an indicator for us that it is not an actual bank account. Then in the system we pay the supplier in Euro. This creates a negative balance in the clearing a/c. To clear this negative balance we do a bank transfer from our main USD account to the Euro Clearing account. Epicor takes care of currency conversions since we enter the exchange rate. However, for this you need to have the multi currency module licensed.

Thanks

Vinay Kamboj

1 Like
3

Thanks for your input, Vinay!

We do have a multi currency license. I’ve shared this with our Accountant and he said he’ll look into it.

Cheers,
Fred