Business Value
- Send correct tax data to the Egyptian Tax Authority (ETA).
- Send the original foreign currency amount, not the EGP amount.
- Use the same exchange factor on later corrections, such as credit notes.
- Avoid rejected invoices and amounts that do not match.
- Income invoices now work the same way as AR invoices.
Use Cases
How It Works
Saving the Exchange Factor
- Each income invoice or receipt now has a field for the exchange factor of each currency.
- The system fills it when you create the document.
- The system saves it and uses it again for adjustments and corrections.
Sending to ETA
- The system sends the foreign currency amount, not the amount in EGP.
- Adjustments and credit notes use the original factor. The amounts stay the same.
- The saved factor is sent once for each currency, as the ETA format requires.