Use this subtask to specify the exchange rates to be used when the journal entry's transactional currency differs from the company's functional currency.
Accounting
General Ledger
Journal Entries (JEs)
Enter JEs
Exchange Rate button
This non-editable field displays the journal entry number from the Enter JEs screen.
This field displays the transaction currency for the selected row. You can use the drop-down list to change the transaction currency for this row. The default rate group is selected from the Multicurrency subtask of the Maintain Vendors screen in Costpoint Accounts Payable. If no default has been selected for the vendor, the default rate group is selected from the Multicurrency Settings screen in Costpoint Multicurrency.
The multicurrency default rate group displays in this field. You specify the rate group default in the Maintain Vendors Screen in Costpoint Accounts Payable. If no default has been entered there, the rate group defaults 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. You specify currencies for rate groups on the Maintain Exchange Rate Groups screen in Costpoint Multicurrency.
This field displays the invoice date on the Enter JEs screen.
This field mimics the Trans to Func field rate when non-Euro currencies are used. When a Euro currency is used, this field displays the product of the Trans to Euro and Euro to Func fields. The fraction that displays to the right of the Trans to Euro field is the value of one divided by the Euro to transaction currency exchange rate.
For those transactions that involve countries that are EC members, this field is titled Trans to Euro and displays the rate for the transaction to Euro currency. This field displays as Trans to Func if non-EC currencies are being exchanged.
For those transactions that involve countries that are EC members, this field is titled Euro to Func and displays the rate for the Euro to Functional currency. This field displays as N/A if non-EC currencies are being exchanged.
Click this button to refresh the Rate field with information from the Trans to Func or Trans to Euro field.