Foreign Currency Drafts and Processing Options

Review this table for information about processing options specific to foreign currency draft processing:

A/R Draft Processing Program	Multicurrency Processing Options
Enter Our Drafts (P03B602) Enter Customer Drafts (P03B602)	On the Display tab, set the Currency Code processing option to retain the currency code entered on the Draft Entry form after you accept a draft. On the Display tab, set the Exchange Rate processing option to retain the exchange rate entered on the Draft Entry form after you accept a draft. On the Currency tab, set the Edit Effective Date processing option to validate the effective date used to retrieve the exchange rate against the general ledger date entered on the draft.
Invoice Print with Draft (R03B5051)	On the Currency tab, set the Print Currency processing option to print invoices with foreign currency amounts and currency codes.
Draft Collection with Status Update (R03B680)	On the Exchange Rate tab, specify a spot rate in the Exchange Rate Override processing option or leave the field blank to retrieve the rate from the F0015 table. This exchange rate is used for drafts that pay foreign invoices, regardless of the invoice currency, and applies only to drafts remitted without contingent liability.
Draft Remittance (R03B672)	On the G/L Remittance tab, specify a spot rate in the Exchange Rate Override processing option or leave the field blank to retrieve the rate from the F0015 table. This exchange rate is used to create journal entries for a contingent liability and applies only to drafts remitted with contingent liability.