Currency

Effective Date

Specify the date to use to retrieve the exchange rate when you write foreign or alternate currency payments. If you leave this processing option blank, the system uses the general ledger date of the payment.

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 payment date exchange rate. The payment is not a foreign currency payment because it is made in the domestic currency.

Note: If you enter an effective date for which there is no corresponding exchange rate in the F0015 table, the system uses the exchange rate on the voucher and, therefore, does not create a gain or loss.

Use Voucher's Date

Specify whether the system uses the voucher's G/L date when you are writing foreign payments. Values are:

Blank: Use the exchange rate associate with the effective date entered in the Effective Date processing option.

1: Use the exchange rate from the voucher. If you specify this value, currency gains and losses are not created.