Problem

A company has two accounts, one in EUR and one in USD. The issue arises when invoicing in EUR. Dataloy VMS automatically allocates the USD Bank account and the party who receives the invoice arrange EUR remittance to our account. The result is a loss in conversion rates. How can the VMS be modified to automatically choose the EUR account once EUR currency is entered in the voyage summary?

Solution

Check that the correct currency (EUR) is entered for the bank account used for issuing the invoices. It is done by entering the currency to be used for the bank account in Master Data > General Master Data Administration > Bank Accounts. Once correct currency is entered, the VMS will automatically issue the invoice in the entered currency of the bank account chosen.

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