LCY Payments for FCY documents

In order to create LCY Payments for FCY Sales and Purchase documents, function for both Vendors and Customers should be enabled for both cases in Sales & Receivables Setup and Purchases & Payables Setup Appln. between Currencies=None/Always.

On Vendor and Customer card, the agreement field Create LCY Payment specifies that the payment will be created in LCY if automatic and manual application is with documents created in Foreign Currency.

Payments Generation

Payments are generated in the Bank Payment Journal. There are the following ways for payment creation:

• Select the icon, enter Bank Payment Journal and:

1. Create journal lines manually; requires to make application to document manually.
2. Create journal lines using the Suggest Vendor Payments function in the ribbon; the payment is auto-applied to the document.

• If Suggest Vendor Payments is running with the "Include Released Purchase Orders" = TRUE attribute, an LCY Advance Payment is created.

3. Create journal lines from the Open Documents subform using the Create Payment feature; the payment is auto-applied to the document.

• Select the icon, enter Vendor Ledger Entries and choose the invoice for which you want to register the payment and:

4. Use the Bank Payment/Create Payment ribbon to auto-apply the payment to the document.

For Manually created lines, it is necessary to do application manually with documents by using the Apply Payments button in the menu or filling out the “Applies-to Doc. No.” field in Bank Payment Journal lines.

Created Payment Line

Manual/Auto application should have the Currency field in Bank Payment Journal empty, as LCY is already set up in General ledger Setup. The amount is taken from the applying document's Remaining Amount, for both Payments and Refunds.

Payments Posting As a result of posting, in Bank Account Ledger Entries, an entry in LCY is created, and In Vendor/Customer Ledger Entries, according to applying the document entry, in FCY.

Here are the cases when LCY payment functionality works when Agreement Posting=Mandatory/Not Mandatory: • On card Create LCY Payment=YES, Agreement Posting=Not Mandatory • On card Create LCY Payment=YES, Agreement Posting=Mandatory, On Agreement Create LCY Payment=YES. • On card Create LCY Payment=NO, Agreement Posting=Mandatory, On Agreement Create LCY Payment=YES

For all other combinations, via auto or manual application with FCY documents, the system won’t be creating LCY Payments.

On Suggest Vendor Payment in Bank Payment Journal, Take into account Create LCY Payment" field has been added.

If "Take into account Create LCY Payment"="YES", and in Bank Payment Journal there is batch for LCY, system fills in bank payment journal lines transactions, where "Create LCY Payment"=Yes on Vendor, or Vendor Card. If"Take into account Create LCY Payment"="No", works with old logic.

For Currency batch it works vice versa, if "Take into account Create LCY Payment"= YES, system doesn't fill transactions, where "Create LCY Payment"=Yes on Vendor, or Vendor Card.

Options: "Include Released Purchase Orders", "Check Other Journal Batches" are also taken into account.