EXCHANGE RATES

 Use this subtask to enter the type of currency received in payment for the selected invoice. You can use this subtask to override the currency type in the Currency field. Remember to use the Change Rates function in the Exchange Rates subtask when changing currency.

Receipt Number

This field displays the A/R receipt number from the main screen.

Pay Currency

This field displays the pay currency for this invoice. This is the currency your customer used to pay you. You can change the pay currency here until the invoice amount is received in full.

Rate Group

This field displays the rate group description used for this transaction. This field is editable.

Pay Currency to Functional Currency Exchange Rate Info

Rate Date

This field displays the date used to calculate the exchange rate for this invoice.

If your currency exchange rates are tracked by date, the exchange rate used for this pay to functional will be the date or range of dates in which this invoice date falls. Costpoint will first look to exchange rates by date, then to exchange rates by period. This field is editable.

If you track your currency exchange rates by period, the transaction rate used for this pay to functional exchange will be the period rates (period end rates for the last day of the period, and period average rates for all other dates) in which this rate date falls.

Rate

This field mimics the Pay to Func rate when non-Euro currencies are used. When you use a Euro currency, this field is the product of the Pay to Euro and Euro to Func fields.

Freeze Rate

Select this checkbox to hold the last rate saved in these fields. You can enter other rates into Costpoint, but they will not be applied to this invoice (for gain or loss calculation) unless this checkbox is unchecked.

Pay to Func

This field displays the rate for the pay-to-functional currency.

Change Rates

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