Currency Code Reference (70/CC)
Set up this UDC table to establish relationships between the currency codes that your company assigns in the Work With Currency Codes and Rates program (P0013) and the currency codes published by Mexico fiscal authorities.
The code is the value assigned in the Payment Instrument UDC (00/PY) to a specific payment instrument. The information in the Description 01 field is the code that classifies that method as a check (C) or bank transfer (T).
Set up the relationship records that meet the requirements of your company. For example, you might set up these record types:
Code |
Description |
---|---|
ARG |
ARP |
DOL |
USD |
MXP |
MXN |
In this example, the first record associates the records that use ARG as the currency code (for Argentinian currency) according to the Work With Currency Codes and Rates program (P0013) to the code ARP (for Argentinian pesos) in the Currency Code Reference UDC (70/CC) table. The second record associates the currency DOL (for Dollars) in P0013 to the code USD (for US Dollars) in the Currency Code Reference UDC (70/CC) table. The third record associates the payment instrument MXP (for Mexican Currency) in P0013 to the code MXN (for Mexican Pesos) in the Currency Code Reference UDC (70/CC) table.