Currency

These processing options specify the rules for entering transactions with multicurrency.

1. Value Added Tax Allowed for Multicurrency Items

Enter 1 to enable value added tax on multicurrency vouchers. Leave this processing option blank to prevent value added tax on multicurrency vouchers.

2. Exchange Rate Date

Enter 1 to specify that the system uses the GL date to retrieve the currency exchange rate. Leave this processing option blank to specify that the system uses the invoice date.

3. Exchange Rate Retrieval

Specify whether the system generates a warning if the currency exchange rate on the voucher is in a fiscal period different from the effective date of the exchange rate in the Currency Exchange Rates table (F0015). For example, if you enter a voucher with a GL date of December 15, 2008, the last effective date for an exchange rate is November 1, 2008, and the fiscal date pattern on your system is set up for the months of the calendar year, you can specify that the system generate a warning. The warning message alerts you to the fact that the exchange rate in the F0015 table has expired. You can change it, if necessary. Values are:

Blank: Do not generate.

1: Generate.

4. Exchange Rate Tolerance Limit

Specify an exchange rate tolerance limit. During voucher entry you can manually override the exchange rate that exists in the Currency Exchange Rate table (F0015). The Tolerance Limit processing option places limits on how far the exchange rate you enter manually can differ from the exchange rate in the F0015 table.

Values are whole numbers that indicate a percent of the exchange rate in the F0015 table. For example, if you enter 5 in this processing option, you can manually override the exchange rate that exists in the F0015 table with a number that is plus or minus 5 percent of the table value.

5. Currency Disagreement

Enter 1 to enable different currencies and do not return any messages when the currency of the payment is different from the currency of the GL bank account. Leave this processing option blank to return an error.