1. Multicurrency Processing Implementation Guide
  2. Alternate Currency Amount

Alternate Currency Amount

When you select the Alternate Currency Amount method, you do not pay in the domestic or foreign currency of the voucher; instead, you pay in an alternate currency.

For example, you enter a foreign currency voucher in CAD for a company that has a base currency of USD. You specify JPY in the Alternate Currency processing option. You pay the voucher in JPY, which is neither the foreign currency (CAD) nor the domestic currency (USD).

When you pay a voucher in an alternate currency, you pay the transaction amount of the voucher. The transaction amount is the foreign amount if the voucher is foreign and the domestic amount if the voucher is domestic only.

The system might calculate a gain or loss based on:

  • The GL date specified in the processing option for the Work with Payment Groups program. The system uses this date to retrieve the exchange rate in the F0015 table.

  • The exchange rate effective date specified in the processing option for the Work with Payment Groups program. If you leave this processing option blank, the system uses the GL date.