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 User Payroll Payment Types


2) Define New Payment Method with the Payment Type created above
Navigation: HRMS Super User Payroll Payment Methods




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 User FastPath Pay 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)


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 User FastPath QuickPayNovember, 2014




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 Results SOE


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)

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



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 File to Make Bank Transfer in US Dollars

Once the Request is Run, Status show as Paid



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)




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


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 User Journals Import Run

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 Successfully View Output Details about Journals




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 User JournalsEnter


Once you click find, there would be 2 JVs, one for Costing and the other one for Payments
Costing: 12000 AED
Costing of Payment: 3269.75 USD



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)