Currency

These processing options specify the rules for using exchange rates.

1. Exchange Rate Date

Specify the date that the system uses to retrieve the exchange rate. Values are:

Blank: Use the invoice date.

1: Use the G/L date.

2. Effective Date Edit

Specify whether the system validates the effective date that it uses to retrieve the exchange rate against the general ledger date that you enter on the receipt. Values are:

Blank: Do not validate the effective date.

1: Validate the effective date. The system issues a warning when the effective date of the exchange rate that is retrieved from the Currency Exchange Rates table (F0015) is not in the same period as the general ledger date of the invoice.

3. Exchange Rate Tolerance Limit

Specify the tolerance limit for changes in exchange rates during invoice entry. If the calculated amount is greater or less than the tolerance amount that you specify, you receive a warning message during invoice entry.

For example, 5 specifies a tolerance limit of 5 percent. If you try to enter an exchange rate that is 6 percent greater or less than the previous rate entered, you receive a warning message. In this way, the system helps to ensure that the exchange rate that you enter is reasonable, thus alerting you to possible data entry errors.