Sale Incentive booking

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satender (Querist)
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20 April 2026 We supply good from India to UAE based customer on 5% incentive/Promo (off invoice) basis on sale. we Supply goods on Jan 26 and customer raise the incentive invoice in Feb 26 but now in April 26 want to book exp in our tally. please help what exchange rate we should take.
Sale Invoice date se
Expese Invoice date se
ye booking date se

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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20 April 2026 Since the incentive invoice was raised on 26 Feb, the expense/liability should normally be initially booked at the exchange rate prevailing on 26 Feb, even if entry is passed in Tally in April. April date is only the delayed booking date, not the transaction date. If this incentive is a post-sale discount linked to the original export, treat it as sales adjustment/rebate; if it is for a separate service, treat it as expense. In both cases, initial recognition should generally be at the rate on invoice/transaction date, with later forex difference booked separately if applicable.

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