EXCHANGE RATES

Use this subtask to review and edit the Tran Curr (transaction currency) and Pay Curr (payment currency) on the main screen. In addition, you can override the existing exchange rates between your transaction to functional and your functional to payment currencies.

Voucher

This field displays the voucher from the main screen.

Vendor

This field displays the vendor, vendor name, and location from the main screen.

Currencies

Trans

This field displays the transaction currency for the selected row. You can use the drop-down box to change the transaction currency for this row. The default rate group is taken from the Multicurrency subtask of the Maintain Vendors screen. If no default has been selected for the vendor, the default rate group is taken from the Multicurrency Settings screen in Costpoint Multicurrency.

Pay

This field displays the payment currency for the selected row. You can use the drop-down box to change the payment currency for this row. The pay currency default is taken from the Multicurrency subtask of the Maintain Vendors screen. If no default has been selected for the vendor, the default pay currency will be your company's functional currency.

Rate Group

This field displays the multicurrency default rate group. The rate group default is determined in the Maintain Vendors Screen. If you have entered no default there, the rate group will default from the Multicurrency Settings screen in Costpoint Multicurrency. Both the Trans and Pay currencies must have been saved in the rate group you select here. This is done in the Maintain Exchange Rate Groups screen in Costpoint Multicurrency.

Transaction Currency to Functional Currency Exchange Rate Info

Rate Date

This field displays the invoice date from the main screen.

Rate

This field mimics the Trans to Func field rate when non-Euro currencies are used. If you use a Euro currency, this field will display the product of the Trans to Euro and Euro to Func fields. The fraction that is displayed to the right of the Trans to Euro field is the value of one divided by the Euro to transaction currency exchange rate.

Freeze Rate

Select this checkbox to hold the last rate saved in these fields. You can enter other rates, but they will not be saved unless this checkbox is unchecked.

Trans to Func or Trans to Euro

For those transactions that involve countries that are EC members, this field will be titled Trans to Euro and will display the rate for the transaction to Euro currency. This field will display as Trans to Func if non-EC currencies are being exchanged.

N/A or Euro to Func

For those transactions that involve countries that are EC members, this field will be titled Euro to Func and will display the rate for the Euro to Functional currency. This field will display as N/A if non-EC currencies are being exchanged.

Change Rates

Select this pushbutton to refresh the rate field with information from the Trans to Func or Trans to Euro field.

Functional Currency to Pay Currency Exchange Rate Info

This group box will be disabled for those vouchers that have the same transaction and pay currency.

Rate Date

This field displays the invoice date on the main screen.

Rate

This field mimics the Trans to Func box rate when non-Euro currencies are used. When a Euro currency is used, this field will display the product of the Trans to Euro and Euro to Func fields. The fraction that is displayed to the right of the Trans to Euro field is the value of one divided by the Euro to transaction currency exchange rate.

Freeze Rate

Select this checkbox to hold the last rate saved in these fields. You can enter other rates, but they will not be saved unless this checkbox is unchecked.

N/A or Func to Euro

For those transactions that involve countries that are EC members, this field will be titled Func to Euro and will display the rate for the functional to Euro currency. This field will display as N/A if non-EC currencies are being exchanged.

N/A or Euro to Pay

For those transactions that involve countries that are EC members, this field will be titled Euro to Pay and will display the rate for the Euro to pay currency. This field will display as N/A if non-EC currencies are being exchanged.

Change Rates

Select this pushbutton to refresh the rate field with information from the Func to Pay field.