To pay Woo Dragon and Woo Sun ( foreign currency (FX) designated creditors), complete the following:
- Open Creditors > Transactions > Payments > Payments
- Enter the Invoice No, Date of invoice and due date of the invoice
- Enter the FX amount payable in the Foreign Currency Trans. column for both invoices
When paying FX creditors, the FX rate will not be the rate listed in the Jiwa FX Currency form ( System Settings > Foreign Exchange > Currencies ) as the bank doing the transfer will provide a spot rate or you may have purchased foreign currency earlier.
Once the FX amount has been entered, change the FX Rate to be as follows:
In this example, say we paid $AU 39,050 to pay the $US 30,000 purchase invoice liability. The FX Rate would be 0.768245839.