Currency

Effective Date

Use this processing option to specify the date to retrieve the exchange rate when you write foreign or alternate currency payments. If you leave this processing option blank, the system uses the payment G/L date.

If you create a payment group using the domestic amount of a voucher instead of the foreign amount, the system calculates a currency gain or loss based on the pay date exchange rate. The payment is not a foreign currency payment because it is made in the domestic currency.

Use Voucher's Date

Use this processing option to specify the voucher's G/L date when you are writing foreign payments. Values are:

1: Use the voucher's G/L date

Leave this processing option blank to use the exchange rate for the specified effective date.