I tried that. But invoice & payment did not got reconciled. I have to manually pass a new exchange difference entry to reconcile my invoice,payment, and exchange entry. WHY?

I made a short training document on how to. This is the easiest way to register invoice fully paid. As the currency rate will never actually match, you have to post the difference. In my example I do have a bank account in the currency of te invoice. if you don't have that, you must enter the value that is actually posted in the bank account as paid amount. Not what the customer sent. The alternative is to enter manually an account entry. That can also be usefull if you need to post special bank charges in addition to currency rate differences.

Here is a link to the document on One Drive:

https://1drv.ms/w/s!AkLoxMFAPHd-m0Etd9kdtxXSwH2W?e=scwbpY

best luck

I think I might have made a mistake. The process i descibed work. But - you should always register the payment in the currency in your bank account. And the amount that is debet your bank. Because - if you don't the bank reconcilition will be more difficult.

This video shows invoice and payment received in USD. My query is different, my invoice is in USD but i receive payment in EUR. How to achieve this?