Processing Multicurrency Transactions

You enter multicurrency transactions in Purchase Orders in the same way as functional-currency transactions. The only extra consideration arises if you need to change exchange rates or assign a different tax group to the transaction.

The currency for a transaction is displayed along with the current exchange rate when you enter a vendor number or select a tax group. (You can change the tax group for a document only to another tax group that also uses the vendor's currency.)

To change exchange-rate information, use the Rates tab (it appears only with multicurrency transactions for vendors who do not use the functional currency). You can change the rate type, rate date, and exchange rate for the document.

When you post multicurrency transactions, Purchase Orders converts the amounts to the functional currency, using the exchange rate information entered with the transaction.

See also

 

Using multicurrency accounting in Purchase Orders