4.8.3 Settlements
When the deal and the accounts for payment are in different currencies, you may enter the Foreign Exchange rate for conversion in the Settlements screen. If the customer account for a component were expressly not defined at the time of deal input, you would have to specify an account at the time of payment, through the Settlements screen.
The payment accounts can also be changed for the various components at the time of payment. The new payment accounts will only be used for that particular session of the manual payment function.
For instance, you have named an account A1 for a particular component at the time of deal input, but during manual payment, you wish to change it to A2. Once this particular payment is carried out, the system will show the default account as A1 for that component. A2 will be used only for the session that you have specified for manual payment.
In this screen,
- The currency (of the contract components) and the branch will be displayed
- You can change the payment account
- You can specify the exchange rate, if the settlement account currency is different from the contract currency
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