1. Multicurrency Processing Implementation Guide
  2. Understanding Multicurrency Statements

Understanding Multicurrency Statements

To generate statements, you run the Statement Notification Refresh program (R03B500X) and specify whether to generate statements in the domestic or foreign currency by setting the Multi-Currency processing option on the Aging tab.

The Statement Notification Refresh program updates amounts in the A/R Notification History (F03B20) and A/R Notification History Detail (F03B21) tables.

After you generate statements, you can review them online. Depending on whether you generate the statement in the domestic or foreign currency, the system displays the information differently:

  • If you generate statements in the domestic currency, when you review the statement, the system displays all transactions and total amounts in the domestic currency only.

    For example, assume the currency of the remit to company is Canadian dollars (CAD) and the transaction currency of the invoices is euro (EUR). You run the Statement Notification Refresh program to generate statements in the domestic currency. On the Statement Review form, the transactions display in CAD.

  • If you generate statements in the foreign currency, when you review the statement, the system displays the transactions on the statement in the currency of the transaction and provides a total amount for each currency.

    For example, assume the currency of the remit to company is CAD and the transaction currencies of the invoices and receipts are EUR and CAD. You run the Statement Notification Refresh program to generate statements in the foreign currency. On the Work With Notifications form, the transactions display in the transaction currency of the invoices, EUR and CAD.