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1 | D e m o o n F o r e i g n C u r r e n c y P a y m e n t u s
i n g P a y r o l l - B i j o y J o s e p h
In the below scenario the components (Elements) would be defined
in Base Currency i.e. AED, but
the Payment would be made in US Dollars
Note: Costing and Costing of Payments is finally Posted on base
currency in GL
1)
Define desired Payment Type
Navigation: HRMS Super UserPayrollPayment Types
2)
Define New Payment Method with the Payment Type created
above
Navigation: HRMS Super UserPayrollPayment Methods
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2 | D e m o o n F o r e i g n C u r r e n c y P a y m e n t u s
i n g P a y r o l l - B i j o y J o s e p h
3)
Attach the above defined Personal Payment Method to Employee
Navigation: HRMS Super UserFastPathPay Method
4)
Define Daily GL Rate for the Date on which one wants to Make the
Payment
Navigation: HRMS Super User CTRL + L Daily Rates Define for
30-NOV-2014 (Payment
Date)
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3 | D e m o o n F o r e i g n C u r r e n c y P a y m e n t u s
i n g P a y r o l l - B i j o y J o s e p h
5)
Run QuickPay
Navigation: HRMS Super UserFastPathQuickPayNovember, 2014
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4 | D e m o o n F o r e i g n C u r r e n c y P a y m e n t u s
i n g P a y r o l l - B i j o y J o s e p h
Navigate to View ResultsSOE
The SOE Report shows Net Earning in AED screen below
6)
Run PrePayment
Note: PrePayment would attach the Personal Payment Method
attached to the employee in regard
with the Priority and % (US Direct Deposit New in our case)
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5 | D e m o o n F o r e i g n C u r r e n c y P a y m e n t u s
i n g P a y r o l l - B i j o y J o s e p h
As per the Daily Rate Defined, the Amount is automatically
converted into US Dollars
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6 | D e m o o n F o r e i g n C u r r e n c y P a y m e n t u s
i n g P a y r o l l - B i j o y J o s e p h
7)
Run Request: UAE Payment Output Fileto Make Bank Transfer in US
Dollars
Once the Request is Run, Status show as Paid
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7 | D e m o o n F o r e i g n C u r r e n c y P a y m e n t u s
i n g P a y r o l l - B i j o y J o s e p h
8) Run Request Costing
Costing Details (AED)
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8 | D e m o o n F o r e i g n C u r r e n c y P a y m e n t u s
i n g P a y r o l l - B i j o y J o s e p h
9) Run Request Costing of Payment
Costing of Payment (USD) as Payment was made in the US
Dollars
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9 | D e m o o n F o r e i g n C u r r e n c y P a y m e n t u s
i n g P a y r o l l - B i j o y J o s e p h
10)
Run Request Transfer to GL
11)
Import Journal from GL Super User
Navigation: General Ledger Super UserJournalsImportRun
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10 | D e m o o n F o r e i g n C u r r e n c y P a y m e n t u s
i n g P a y r o l l - B i j o y J o s e p h
Once the Journal Import has been Completed SuccessfullyView
OutputDetails about Journals
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11 | D e m o o n F o r e i g n C u r r e n c y P a y m e n t u s
i n g P a y r o l l - B i j o y J o s e p h
12)
Check Journals Imported in the Month of November
Navigation: General Ledger Super UserJournalsEnter
Once you click find, there would be 2 JVs, one for Costingand
the other one for Payments
Costing: 12000 AED
Costing of Payment: 3269.75 USD
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12 | D e m o o n F o r e i g n C u r r e n c y P a y m e n t u s
i n g P a y r o l l - B i j o y J o s e p h
Select first Journal (Payments)Click on Review Journal
Note: There is a reverse Conversion happening while posting back
to GL (USD to AED)
