Troubleshooting: AR Payment in local currency but prompted for Gain/Loss setting

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Question: When I tried to save an AR Receive Payment, this message prompted. The entries of debtor and payment are all in local currency, why there is a RM 0.01 gain/loss ?


Gain loss in myr.png


Possible Reason:

You have mistakenly keyed in some value into the column of "Local GST Adjustment" instead of the column of "GST Adjustment" column. "Local GST Adjustment" is only used for adjustment of entries involved non Local currency.


Solution:

Remove the figure in the column of "Local GST Adjustment", and enter the value into the correct place (the column of "GST Adjustment").

In future, for transactions in home currency, enter the value of GST adjustment only into the column of "GST Adjustment".


Gain loss in myr1.png


By:Ella 170623, KM 170605; P170801


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