there is a big problem happens, Actually in the Exchange rates form, exchange rate i define 100 and in the parameter “Express Exchange rate is 1” due to that the system 100 currency for 1 currency it had take. Showing the 100 times(amount settled) when we make the vendor payments.
Can anyone explain me how can i resolve this issue.
Could you post a screen shot of the field and explain the issue again I do not understand what you are saying. Are you saying the exchange rate on purchase invoices is incorrect, but you have not yet posted payments?
here u can see the transaction amount is 5550 which comes 100 times in rest of the window transaction. After checking all the things whn i move to Exchange rate form i found the defination “1 (Currency) for 100 (Currency)”
please advise me i am in a very critical situation.
You need to post a screen shot of the currency exchange rate as requested.
Also press the balance button and then open transactions and post the payment tab that shows the amount, amount currency and exchange rate. You should also look at the general tab for the last exchange rate adjustment.
The invoice will hold the exchange rate at the time of processing but I still do not know what your issue is. If the exchange rate is wrong on teh invoice or the open transaction it does not matter - change the exchange rate and when you run teh payment proposal it will be correct.