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4. Payment Currency

Specify the currency method that the program uses for payment. Values are:

Blank: Pay in the currency of the general ledger bank account. For monetary accounts, this is the currency assigned to the general ledger bank account in the F0901 table. For non-monetary accounts, this is the currency assigned to the company in which the business unit of the general ledger bank account resides. For example, the currency associated with the general ledger bank account 1.1110.BEAR is U.S. dollars (USD) because business unit 1 belongs to company 00001, for which the currency is USD. If you enter vouchers in the euro (EUR) for company 00001, you can either pay the vouchers from the monetary bank account in EUR, or you can pay them from a bank account that belongs to a company for which the base currency is USD.

1: Pay the domestic amount of the voucher in the domestic currency. For example, if you entered the voucher in EUR for company 00001, for which the base currency is USD, the voucher is paid in USD.

2: Pay the foreign amount of the voucher in the foreign currency. For example, if you entered the voucher in EUR for company 00001, for which the base currency is USD, the vouchers are paid in EUR. Vouchers that do not have a foreign currency are paid in the domestic currency.

3: Pay the current domestic amount of a foreign voucher in the domestic currency. For example, if you entered the voucher in EUR for company 00001, for which the base currency is USD, the foreign amount is converted to the current domestic amount based on today's effective exchange rate, and the voucher is paid in USD.

4: Pay the voucher in an alternate currency that is neither the domestic nor foreign currency of the voucher. For example, if you entered the voucher in EUR for company 00001, for which the base currency is USD, but you want to pay the voucher in Canadian dollars (CAD), the voucher is paid in the alternate currency. Designate the payment currency in the Alternate Currency Code processing option.

Note:

When you specify
                                2, 3, or 4 in this processing option, the
                            program calculates a gain or loss if the exchange rate of the voucher is
                            different from the exchange rate of the payment.

When you make
                            payments in the current domestic currency, the Create Payment Groups
                            program calculates the domestic amounts being paid using the exchange
                            rate that is effective on that day. This rate might be different from
                            the exchange rate that is effective when you actually make the
                            payment.

5. Alternate Currency Code

Enter the code for the alternate currency amount. You enter a value in this processing option only if you specified 4 in the Payment Currency processing option.