Rate Types
The system uses rate types to determine which exchange rate to use when it calculates new balances. For each range of accounts, you can enter a user-defined rate type. This table provides description of rate types:
Rate Type |
Description |
|---|---|
A (period average) |
An average rate for the month. This is generally used with income statement accounts. |
M (month-end) |
A period-end rate. This is generally used with balance sheet accounts. |
H (historical) |
A historical rate. This might be used for fixed asset accounts. This rate can also be used to retain calculations when converting from another system to the JD Edwards EnterpriseOne system. |
User-defined rate types |
A user-defined rate. For example, use B for a budget rate (different from an accounting rate) to create what-if budget amounts and comparisons. You enter rate types in UDC table 11/RT. You can enter as many rate types as needed. |