How can I use different rates to process transactions and payments in different business units?

These tasks In the Setup and Maintenance work area are part of the Sales offering in the Incentives functional area.

1. Use the Manage Incentive Currency Conversions task to define multiple currency rate types for the same date, different business units, or different usage.

2. Use the Manage Parameters task to select the rate type in the appropriate conversion rate type fields.

The rate types can match those in your general ledger, but don't have to.

Here's an example.

• One business unit requires daily-based rates where the rate is different for each day.

• Another business unit requires period-based rates where the period is monthly and each period has the same rate. The rate might be the average or end rate for the period.

• Yet another business unit also requires period-based rates, but its period is weekly instead of monthly.