This chapter contains the topic:
From Accounts Receivable (G03), choose Customer and Invoice Entry
From Customer and Invoice Entry (G0311), choose Standard Invoice Entry
When you enter an invoice with a foreign currency amount, the system converts the amount to the domestic currency of the company that the invoice is associated with using the Currency Exchange Rates table (F0015).
This task consists of:
Entering a multi-currency invoice
Verifying the invoice currency (optional)
Verify that the following AAIs are set up correctly:
RG (realized gain)
RL (realized loss)
To enter a multi-currency invoice
On Standard Invoice Entry
Figure 15-1 Standard Invoice Entry screen
Follow the steps to enter a standard invoice.
Complete the following fields:
Currency Code
Exchange Rate (optional)
To verify the invoice currency
On Standard Invoice Entry
Locate the invoice.
Verify the following field:
Mode
Field | Explanation |
---|---|
Mode | A code that specifies whether amounts are in the domestic currency of the company the invoices are associated with or in the foreign currency of the transaction. Codes are:
D – Domestic F – Foreign Form-specific information When you inquire on an invoice, the default code in this field is that of the original mode of entry. You can enter F or D to specify the display of either the foreign or domestic amounts. |
Currency Code | Indicates the transaction currency used by the customers. If you leave this field blank, Customer Master provides the default value. If no currency is assigned to the customer, the default value is the currency code of the invoice company. |
Exchange Rate | The conversion rate that the system uses to convert foreign currencies to domestic currencies. If the Multi-Currency Conversion option on the Set Multi-Currency Option form is set to Y, this rate is a multiplier. If it is set to Z, this rate is a divisor.
Form-specific information If you leave this field blank, the system uses the Currency Exchange Rate table (F0015). The effective date for the exchange rate is either the invoice date or the general ledger date, depending on how the processing options are set in the Default Invoice Server Options (XT0311Z1) and Standard Invoice Entry (P03105. |
Topic | Description |
---|---|
Changing foreign currency information | You cannot change the currency code. If you need to change the currency, you must enter a new invoice with the correct currency code and delete the incorrect invoice.
If you change the exchange rate, the system recalculates the domestic amount. |
Deleting a multi-currency invoice | If you delete the foreign side of a multi-currency invoice, the system also deletes the domestic side of the invoice. If you delete the domestic side of a multi-currency invoice, the system also deletes the foreign side. |
Default Invoice Sever (XT0311Z1) options | The currency processing options allow you to certain controls when entering foreign invoices. You may choose to:
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