We are currently using GP2010, in North America.
I would appreciate any suggestions on the following problem:
We have a company with functional currency of Canadian $.
We have 2 bank accounts - US$ and Cdn$.
All local invoices in Cdn$ are paid out of the Cdn$ account.
All other invoices are paid out of the US$ account - invoices can be in US, AUD$.
AP invoices are input in source currency, ie, AUD$, in this example
On payment, I would process the transaction in AUD$, so the vendor record would clear.
However, how do I process the US$ payment amount?
If I select the US$ checkbook, GP will not allow the payment because the currency is not the same as the Vendor's currency. Vendor is set up only for AUD$.
If I allow US$ in my AUD$ vendor class, then the payment will be in source currency US$, but GP will not allow the payment to be applied against the AUD$ invoice.
Is there any GP functionality that will allow me to process this type of transaction?
Your suggestions would be appreciated.
Thanks.