Setting Processing Options for Multicurrency Time and Labor Tracking

To use multicurrency time and labor tracking, you must set processing options for the Batch Time Entry File Revisions program (P05116Z1) and the Time Entry MBF Processing Options program (P050002A). Processing options in the Batch Time Entry File Revisions program:

• Enable multicurrency time and labor tracking.

• Specify whether amounts that you enter are in the domestic currency of a contract or the foreign currency of a supplier.

• Specify whether the system dynamically creates new accounts.

Processing options in the Time Entry MBF Processing Options program enable multicurrency time and labor tracking. The processing options in the Time Entry MBF Processing Options program specify how the system uses F48096, and whether the system dynamically forces account creation. You also use the processing options to determine which currency (base or foreign) is fixed and which is calculated. To set multicurrency processing options, access the Recharge tab on the Time Entry MBF page.

You use the processing options in the Time Entry MBF program to:

• Enable multicurrency time and labor tracking.

• Specify whether the system uses the currency that is associated with the employee's business unit or the currency that associated with the recharge business unit as the fixed currency.

  If you select the employee's business unit as the fixed currency, you must enter a billing rate on the timecard. The Foreign Billing Rate field is then disabled and the value for that field is calculated by the system. Conversely, if you use the recharge business unit as the fixed currency, you must enter a foreign billing rate on the timecard. The Billing Rate field is then disabled, and the value for that field is calculated by the system.

  These examples illustrate how the system differentiates between the home and recharge business units.

• If the employee's home business unit is 9, which is part of a company that is associated with United States dollars (USD), the system uses USD for the base amount.

  For this example, F48096 must be defined for USD currency, or the exchange rates must be set up within the Work With Currency Exchange Rates program.

• If the employee's recharge business unit is Business Unit 77, which is part of a company that is associated with Canadian currency (CAD), the system uses CAD for the base amount.

  For this example, F48096 must be defined for CAD currency, or the exchange rates must have been set up within the Currency Exchange Rates program (P0015A).

• Specify whether the system uses F48096 to retrieve rates. If you do not use F48096, the system uses the exchange rates that you set up in the Currency Exchange Rates program.

• Specify the generation type.

• Specify the action to take if no record is found in F48096.

• Specify the version of the Billing Rate / Markup Table program (P48096).

• Specify whether the system uses dynamic account creation.

  The dynamic account creation process creates a valid account when you enter a timecard that includes an account number that is not active in the system. However, the account number must exist in the model business unit. Dynamic account creation does not create records in F48096.

  Note: If you use F48096, you must enter recharge account numbers, specify billing rate information, and define effective dates in this table. The system does not require that accounts entered into this table be active.

See also:

• Setting Time Entry Processing Options.

• JD Edwards EnterpriseOne Tools Foundation Guide.

• "Setting Up Table Information" in the JD Edwards EnterpriseOne Applications Contract and Service Billing Implementation Guide.

• "Setting Up Billing Rate and Markup Rules" in the JD Edwards EnterpriseOne Applications Contract and Service Billing Implementation Guide

• "Setting Up Company Options" in the JD Edwards EnterpriseOne Applications Human Capital Management Fundamentals Implementation Guide.

• "Entering Additional Employee Information" in the JD Edwards EnterpriseOne Applications Human Capital Management Fundamentals Implementation Guide.

• "Entering Payroll Information for Employees" in the JD Edwards EnterpriseOne Applications Human Capital Management Fundamentals Implementation Guide

• "Setting Up Exchange Rates" in the JD Edwards EnterpriseOne Applications Multicurrency Processing Implementation Guide.

• "Setting Up Table Information" in the JD Edwards EnterpriseOne Applications Contract and Service Billing Implementation Guide.

• "Understanding Billing Rate and Markup Rules, Multicurrency Setup of Billing Rate and Markup Tables" in the JD Edwards EnterpriseOne Applications Contract and Service Billing Implementation Guide .

• "Setting Up Automatic Accounting Instructions" in the JD Edwards EnterpriseOne Applications Financial Management Fundamentals Implementation Guide.