Update Cash Advance Exchange Rate on Expense Entries Setting

[DeanR]

Is anyone using cash advances with the setting 'Update Cash Advance Exchange Rate on Expense Entries'?  I expect this is supposed to translate all foreign currency expenses allocated to a cash advance at the same rate as the cash advance, rather than the rate applicable on the transaction date.  These are the notes from the Cash Advance Setup Guide, which I'm finding really confusing:

Can anyone explain how this works in practice i.e. how do you achieve 'Transaction Date must match Current Date'?

Thanks

Dean

[AshleyB]

Hi,

Thanks for starting this conversation!

 It's an interesting topic. I am sure others have similar questions. I am looking forward to hearing from our community members!