Generating Bills

A bill is generated in the account's invoice currency. If you change the invoice currency of an account, any new bills will be generated in the new currency. For example, if you have changed the invoice currency of an account from US Dollars to Euros on 1^st Feb 2010, all bills generated thereafter will be generated in Euros.

When a bill is completed and adjustments are swept onto the bill, adjustments that are created in the currency which is different from the account's invoice currency will be converted to the account's invoice currency. The system will create a transfer adjustment for each adjustment that is converted to provide complete audit information. The adjustment type specified in the Transfer Adjustment Type for Currency Conversion option type of the Multi-Currency Accounts (C1_​MLTCURACC) feature configuration will be used for the conversion. The original adjustment and to-side of the transfer adjustment will be placed on the same match event.

Also, during bill completion, the Contract Type - Bill Completion algorithm type, CREDIT-XFER, which is usually specified on the credit contract, will automatically convert credit amounts in one currency to the invoice currency before distributing those credits.