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Paying a Foreign Currency Document from a Previous Year Before Performing Initialization

Can a foreign currency document from the previous year be paid before performing the initialization?

Written by Petr Pech

Yes, this is possible; however, you must have the correct exchange rate (as of December 31) entered in the exchange rate table (Tools -> Registers -> Exchange Rates). The exchange rate difference between the document and the payment will be calculated correctly, provided that this December 31 exchange rate is entered.

The subsequent initialization will then create an exchange rate difference from revaluation in the internal documents register.

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