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GST Gain Loss - Manual

Scenario​

  1. Foreign Customer/Supplier accounts set in local currency in SQL Accounting
  2. Using local currency for Foreign Customer/Supplier accounts without the Currency Module in SQL Accounting

Solution​

Use the following documents for Customer/Supplier transactions:

  1. Debit Notes
  2. Credit Notes
  3. GL Journal Vouchers
  4. Foreign Gain/Loss Account (with Tax Code IES, replacing ES43)

Customer Side​

  1. Debit Note (Gain)
    • DR Debtor
    • CR Foreign Gain Account (IES (Replace for ES43))
  2. Credit Note (Loss)
    • DR Foreign Loss Account (IES (Replace for ES43))
    • CR Debtor

Supplier Side​

Gain​

  1. Supplier Credit Note
    • DR Supplier
    • CR Contra
  2. GL Journal Voucher
    • DR Contra
    • CR Foreign Gain Account (IES (Replace for ES43))

Loss​

  1. Supplier Debit Note
    • DR Contra
    • CR Supplier
  2. GL Journal Voucher
    • DR Foreign Loss Account (IES (Replace for ES43))
    • CR Contra