diff --git a/erpnext/accounts/doctype/payment_entry/payment_entry.py b/erpnext/accounts/doctype/payment_entry/payment_entry.py
index 46d520e7e34..cb1f6281e94 100644
--- a/erpnext/accounts/doctype/payment_entry/payment_entry.py
+++ b/erpnext/accounts/doctype/payment_entry/payment_entry.py
@@ -1316,10 +1316,15 @@ class PaymentEntry(AccountsController):
 			self.setup_party_account_field()
 
 		company_currency = erpnext.get_company_currency(self.company)
+		self.transaction_currency = company_currency
+		self.transaction_exchange_rate = 1
+
 		if self.paid_from_account_currency != company_currency:
-			self.currency = self.paid_from_account_currency
+			self.transaction_currency = self.paid_from_account_currency
+			self.transaction_exchange_rate = self.source_exchange_rate
 		elif self.paid_to_account_currency != company_currency:
-			self.currency = self.paid_to_account_currency
+			self.transaction_currency = self.paid_to_account_currency
+			self.transaction_exchange_rate = self.target_exchange_rate
 
 		gl_entries = []
 		self.add_party_gl_entries(gl_entries)
@@ -1400,6 +1405,9 @@ class PaymentEntry(AccountsController):
 						"cost_center": cost_center,
 						dr_or_cr + "_in_account_currency": d.allocated_amount,
 						dr_or_cr: allocated_amount_in_company_currency,
+						dr_or_cr + "_in_transaction_currency": d.allocated_amount
+						if self.transaction_currency == self.party_account_currency
+						else allocated_amount_in_company_currency / self.transaction_exchange_rate,
 					},
 					item=self,
 				)
@@ -1444,6 +1452,9 @@ class PaymentEntry(AccountsController):
 						"account_currency": self.party_account_currency,
 						"cost_center": self.cost_center,
 						dr_or_cr + "_in_account_currency": self.unallocated_amount,
+						dr_or_cr + "_in_transaction_currency": self.unallocated_amount
+						if self.party_account_currency == self.transaction_currency
+						else base_unallocated_amount / self.transaction_exchange_rate,
 						dr_or_cr: base_unallocated_amount,
 					},
 					item=self,
@@ -1540,9 +1551,16 @@ class PaymentEntry(AccountsController):
 			frappe.db.set_value("Payment Entry Reference", invoice.name, "reconcile_effect_on", posting_date)
 
 		dr_or_cr, account = self.get_dr_and_account_for_advances(invoice)
+		base_allocated_amount = self.calculate_base_allocated_amount_for_reference(invoice)
 		args_dict["account"] = account
-		args_dict[dr_or_cr] = self.calculate_base_allocated_amount_for_reference(invoice)
+		args_dict[dr_or_cr] = base_allocated_amount
 		args_dict[dr_or_cr + "_in_account_currency"] = invoice.allocated_amount
+		args_dict[dr_or_cr + "_in_transaction_currency"] = (
+			invoice.allocated_amount
+			if self.party_account_currency == self.transaction_currency
+			else base_allocated_amount / self.transaction_exchange_rate
+		)
+
 		args_dict.update(
 			{
 				"against_voucher_type": invoice.reference_doctype,
@@ -1560,8 +1578,13 @@ class PaymentEntry(AccountsController):
 		args_dict[dr_or_cr + "_in_account_currency"] = 0
 		dr_or_cr = "debit" if dr_or_cr == "credit" else "credit"
 		args_dict["account"] = self.party_account
-		args_dict[dr_or_cr] = self.calculate_base_allocated_amount_for_reference(invoice)
+		args_dict[dr_or_cr] = base_allocated_amount
 		args_dict[dr_or_cr + "_in_account_currency"] = invoice.allocated_amount
+		args_dict[dr_or_cr + "_in_transaction_currency"] = (
+			invoice.allocated_amount
+			if self.party_account_currency == self.transaction_currency
+			else base_allocated_amount / self.transaction_exchange_rate
+		)
 		args_dict.update(
 			{
 				"against_voucher_type": "Payment Entry",
@@ -1583,6 +1606,9 @@ class PaymentEntry(AccountsController):
 						"account_currency": self.paid_from_account_currency,
 						"against": self.party if self.payment_type == "Pay" else self.paid_to,
 						"credit_in_account_currency": self.paid_amount,
+						"credit_in_transaction_currency": self.paid_amount
+						if self.paid_from_account_currency == self.transaction_currency
+						else self.base_paid_amount / self.transaction_exchange_rate,
 						"credit": self.base_paid_amount,
 						"cost_center": self.cost_center,
 						"post_net_value": True,
@@ -1598,6 +1624,9 @@ class PaymentEntry(AccountsController):
 						"account_currency": self.paid_to_account_currency,
 						"against": self.party if self.payment_type == "Receive" else self.paid_from,
 						"debit_in_account_currency": self.received_amount,
+						"debit_in_transaction_currency": self.received_amount
+						if self.paid_to_account_currency == self.transaction_currency
+						else self.base_received_amount / self.transaction_exchange_rate,
 						"debit": self.base_received_amount,
 						"cost_center": self.cost_center,
 					},
@@ -1633,6 +1662,8 @@ class PaymentEntry(AccountsController):
 						dr_or_cr + "_in_account_currency": base_tax_amount
 						if account_currency == self.company_currency
 						else d.tax_amount,
+						dr_or_cr + "_in_transaction_currency": base_tax_amount
+						/ self.transaction_exchange_rate,
 						"cost_center": d.cost_center,
 						"post_net_value": True,
 					},
@@ -1658,6 +1689,8 @@ class PaymentEntry(AccountsController):
 							rev_dr_or_cr + "_in_account_currency": base_tax_amount
 							if account_currency == self.company_currency
 							else d.tax_amount,
+							rev_dr_or_cr + "_in_transaction_currency": base_tax_amount
+							/ self.transaction_exchange_rate,
 							"cost_center": self.cost_center,
 							"post_net_value": True,
 						},
@@ -1680,6 +1713,7 @@ class PaymentEntry(AccountsController):
 							"account_currency": account_currency,
 							"against": self.party or self.paid_from,
 							"debit_in_account_currency": d.amount,
+							"debit_in_transaction_currency": d.amount / self.transaction_exchange_rate,
 							"debit": d.amount,
 							"cost_center": d.cost_center,
 						},