1. Localizations for Argentina Implementation Guide
  2. Understanding Exchange Rate Differences for Accepted Drafts

Understanding Exchange Rate Differences for Accepted Drafts

The law allows you to create a credit note or debit note when you collect payment in pesos for invoices in foreign currency and the change in the exchange rate between the time when the invoice was issued and when the payment was received causes a gain or loss.

You can use the Generate ND/NC Gain and Loss - ARG program (R76A8500) to generate credit notes or debit notes for the gain or loss that is created when you create a receipt and match it to an invoice.

You create the receipt in the foreign currency, apply the receipt to an invoice, post the receipt batch, and then run the Generate ND/NC Gain and Loss - ARG program.

When you run the Generate ND/NC Gain and Loss - ARG program in final mode, the system creates an invoice in pesos for the gain or loss and a receipt that closes the invoice. You use the processing options to control whether the new invoice is taxable and, if so, how the tax is calculated.

When you run the Generate ND/NC Gain and Loss - ARG program, the system performs these actions:

  1. Creates a new invoice batch header in the Batch Control Records (F0011) table.

  2. Updates these tables with information about the new invoice:

    • (Customer Ledger) F03B11.

    • Account Ledger (F0911).

    • Invoice Total - ARG - 03B (F76A09).

    • Taxes - Tax Amount by Invoice Suffix (F76A19).

  3. Creates a new receipt batch header in the F0011 table. This batch does not contain a draft.

  4. Updates these tables with information about the new receipt:

    • Receipts Header (F03B13).

    • Receipts Detail (F03B14).

    • Receipts Header Argentine Tag File - 03B (F76A60).

  5. Updates the Tag File F03B14 - ARG - 03B (F76A8500) to mark the record as processed.

After you run the Generate ND/NC Gain and Loss - ARG program, you must complete these steps:

  1. Post the new invoice batch and the new receipt batch.

    Note: The new invoice and receipt are posted to the account that is specified in AAI RG or AAI RL, depending on whether the invoice represents a gain or a loss.

  2. Print the invoice.

  3. Run the Tax Split program (R76A8900).