Prerequisites

To setup the Foreign Exchange Gain Loss feature, you need to do the following:

• Create an algorithm of the FTFREZGLEXTN algorithm type and attach it on the FT Freeze system event of the customer class for which you want to enable FT GL extension feature

• Set the following parameters of an algorithm which is created using the FTFREZGLEXTN algorithm type to R (i.e. arrears date):

  • Exchange Rate Date Type for Adjustments with Freeze At Will Option (Valid Values: A, R, F, C)

  • Exchange Rate Date Type for Adjustments with Freeze At Bill Completion Option (Valid Values: A, R, F, C, E)

  • Exchange Rate Date Type for Payments (Valid Values: A, R, F, C)

  • Exchange Rate Date Type for Bill Segments (Valid Values: A, R, F, C)

• Create an algorithm of the C1_​CURALGBS algorithm type and attach it to the Currency Conversion For Bill Segments algorithm spot of the division for which you want to enable the currency conversion feature

• Create an algorithm of the C1_​CURALGAD algorithm type and attach it to the Currency Conversion For Adjustments algorithm spot of the division for which you want to enable the currency conversion feature

• Create an algorithm of the C1_​CURALGPY algorithm type and attach it to the Currency Conversion For Payments algorithm spot of the division for which you want to enable the currency conversion feature

• Set the Bill Segment Freeze Option to Freeze At Bill Completion in the Billing tab of the Installation Options screen

• Define the required exchange rates for currency conversion

• Define the distribution code against which you want to book the foreign exchange gain loss

• Set the Adjustment Freeze Option to Freeze At Bill Completion for adjustment types whose adjustments are presented and impacts the next bill of an account

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