EXCHANGE RATES

Use this subtask to review and edit AR transactions that occur in a currency other than your company's functional currency.

Invoice Number

This field displays the AR invoice number from the main screen.

Customer Account

These fields display the customer account number and the customer name from the main screen.

Billing Currency

This field displays the billing currency for this invoice. This is the currency you used to bill your customer. You can change the billing 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.

Billing 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 billing-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 your currency exchange rates are tracked by period, the transaction rate used for this billing-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 Billing to Func rate when non-Euro currencies are used. When you use a Euro currency, this field is the product of the Billing 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.

Billing to Func

This field displays the rate for the billing to functional currency.

Change Rates

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