Multicurrency Timecards
The basic procedures for multicurrency time and labor tracking are the same as for normal time entry. This topic provides the additional steps that are required to use multicurrency features.
In the processing options for the Speed Time Entry program (P051121), enter the version that you set up for the Time Entry MBF Processing Options program (P050002A) in the Time Entry Version processing option on the Time Entry tab.
After you enable multicurrency time and labor tacking, these additional fields appear in each of the time entry programs:
Base Currency Code
The system obtains base currency information from the currency designation for the home company in the F0010 table.
Recharge Currency code
Foreign Bill Rate
If you use the recharge business unit to determine the fixed currency, enter a value in this field. Otherwise, the system generates the foreign billing rate from the rate information that is established in the F48096 table or the F0015 table.
When you enter timecard information, you can enter account numbers that identify multicurrency accounts. You can access the F48096 table during time entry to locate these account numbers. Each attempt to look up rate information for these accounts is date-sensitive. If you encounter an error in one of the listed fields, check the effective dates in the F48096 table. The date that you enter on each timecard must be within the effective dates of the account number. If you are not using the F48096 table to determine currency rates, the system uses the rates that are set up in the F0015 table. These currency rates are also date-sensitive.
After you enter timecards, you can review the Foreign Bill Rate,Bill Rate,Base Cur Code (base currency code), and Rech Cur Code (recharge currency code) fields to verify that the values are correct. The system generates the billing rate from the rate information established in the F48096 table or the F0015 table based on:
The processing options for the Time Entry MBF Processing Options program.
The currencies of the home business unit from the F060116 table record.
The business unit that is associated with the charges.
In this example, the system converts the currency from CAD to USD. The Company Constant Multi Currency Conversion flag is set to use the divisor of.66666667 in this calculation:
250.00 รท .66666667 = 375.00.
Bill Rate |
Foreign Bill Rate |
Base Cur Code |
Rech Cur Code |
---|---|---|---|
375.000 |
250.000 |
USD |
CAD |