Understanding Supplier Currency Conversion

You might have to convert supplier currency codes and address book amounts for any number of reasons, including:

• The suppliers want to receive payments in a different currency.

• You want to submit payments to the suppliers in a different currency.

• You want to view supplier address book (statistical) amounts in a different currency.

For example, assume several Japanese suppliers requested that you begin submitting their payments in Canadian dollars (CAD). You can run the Address Book Conversion - F0401 program (R890401E) to convert the supplier currency code for those specific suppliers from Japanese yen (JPY) to CAD.

The Address Book Conversion - F0401 program converts these currency code and amount fields in the F0401 table at the same time or independently of one another:

• Default Code (CRRP).

  To comply with multiple requests from suppliers who want to receive payments in a different currency, run this program to convert the default currency code for those suppliers. Alternatively, if you have just a few currency codes to convert, you can change them manually on the Supplier Master Revision form.

• A/B Amount Code (CRCA).

  To view address book balance amounts for suppliers in a different currency, run this program to convert the address book currency code and these amounts in the F0401 table:

  • Statistical amounts (year-to-date voucher amounts, prior-year voucher amounts, and so on). Statistical amounts appear on the Additional Supplier Information form, which can be accessed from the Supplier Master Revision form.

  • Limit amounts (minimum and maximum purchase order amounts). Limit amounts appear in the Purchasing 2 section of the Supplier Master Revision form.