Due to a exchange rate difference we did not receive the full amount from our client. Whats the correct way to account for it? So that it does not show as overdue?
Due to a exchange rate difference we did not receive the full amount from our client. Whats the correct way to account for it? So that it does not show as overdue?
I made a journal entry and debited receivables and credited exchange rate loss/gain account. this worked. But the amount still shows a s overdue by the client. I added the client name in the journal.
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