Multi-Currency in Order Entry/Shipping (Oracle Order Entry / Shipping--Production)


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Multi-Currency in Order Entry/Shipping

Each sales order can have a different currency. The price list you specify on the order must be in the same currency as the order and vice versa. If you enter an order with a currency different from the functional currency for your set of books, you may have to select a conversion type before you book the order, depending on whether the currencies involved have a derivation factor defined in Oracle General Ledger. If a currency derivation factor exists between your functional currency and the currency on your order, the conversion rate is determined for you and the Conversion Type field remains disabled. All invoices for the order will be in the ordered currency.

You can use standard value rules to default the currency and price list to reduce entry time.

Oracle Order Entry/Shipping stores only the order currency, and calculates an estimated value for each order in the functional currency as needed for reporting information. If you enter a conversion type of Spot or Corporate, then Oracle Order Entry/Shipping uses the Spot or Corporate currency conversion rate for the order date to determine the currency conversion. If you use the conversion type of User, then Oracle Order Entry/Shipping uses the rate you enter on the order.

After you interface an order to Oracle Receivables using the Receivables Interface, Oracle Receivables uses the currency information you entered in the Sales Orders window to calculate the converted value of the order for invoicing purposes. If you entered Spot or Corporate, then Oracle Receivables uses the Spot or Corporate currency conversion rate for the invoice date to determine the currency conversion. If you enter the User conversion type, then Oracle Receivables uses the conversion rate and date that you entered in the Sales Orders window.

Multi-Currency in Order Entry/Shipping

See Also