Currency

1. Value Added Tax Allowed for Multicurrency Items

Specify whether to allow value added tax (VAT) on multicurrency vouchers. Values are:

Blank: Do not allow value added tax.

1: Allow value added tax.

2. Exchange Rate Date

Specify the date to use to retrieve the currency exchange rate. Values are:

Blank: Invoice date.

1: General ledger 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 F0015 table. For example, if you enter a voucher with a general ledger date of December 15 and the last effective date for an exchange rate is November 1, and the fiscal date pattern on the 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 that the exchange rate in the F0015 table has expired. You can change it, if necessary. Values are:

Blank: Do not generate a warning message.

1: Generate a warning message.

4. Exchange Rate Tolerance Limit

Specify the tolerance limit for changes in exchange rates during voucher 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, 5.0 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.

5. Currency Disagreement

Specify how to handle the currency of a payment when the payment currency is different from the currency of the GL bank account entered on the voucher. The system uses this processing option only when you enter manual payments without voucher match. Values are:

Blank: Issue an error.

1: Allow different currencies and do not issue any messages.