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Prerequisites

   Define rates in the GL Daily Rates Table. See: Entering Daily Rates.

   Enable the Use Multiple Currencies Payables option. See: Payables Options.

   Enable the currencies you need in the Currencies window. See: Currencies Window.

   To enter a foreign currency invoice with a GL Daily Rates Table default exchange rate:

1. In the Invoices window, enter all basic invoice information (see: Entering Basic Invoices), including the Invoice Currency, and the Invoice Amount expressed in the foreign currency. Before entering distributions or matching the invoice, proceed with the next step.

2. In the Rate Type field enter the type of exchange rate you want to default from the GL Daily Rates table, such as Spot or Corporate.

Optionally change the Exchange Date, which defaults from the invoice GL Date.

Payables automatically enters the Exchange Rate from the GL Daily Rates table. If the Exchange Rate field is null, then a rate for the Currency and Rate Type and Exchange Date you entered is not defined in the GL Daily Rates table. If the Require Exchange Rate Entry Payables Option is disabled, you can continue entering the invoice, and later either enter the Exchange Rate manually or update the GL Daily Rates table and submit AutoRate.

3. Complete processing the invoice and save your work.

See Also

Foriegn Currency Invoice Restrictions

Entering Purchase Order Matched Invoices

Entering Credit/Debit Memos

Approval

Invoice Variances

Payables Options

AutoRate Program