There are two possibilities working with futures contracts.
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b. Link sales document to an already existing futures contract
Create new futures contract based on sales document
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6. Handle in/out payments of invoice with futures contract.
Link sales document to existing futures contract
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3. Handle in/out payments of invoice with futures contract.
Currency Futures contracts can be created from:
Sales documents (delivery agreement, sales invoice, sales order and posted sales invoice)
Purchase documents (Purchase invoice, purchase order, posted purchase invoice)
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When started with a delivery agreement, the futures contract can be created from there; but it is not required. Last check if futures contract has been created is performed on posting document (sales invoice or sales order).
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When partially posting sales orders and purchase orders, futures contract must be created per posting (invoice) – see the Tax Act. |