Use this subtask to view exchange rate information. The data in this subtask is non-editable.
Exchange Rates designate the price at which the currency of one country is traded for the currency of another country.
You can use this subtask to view exchange rates that were calculated to pay vouchers. Vouchers represent bills submitted to your company for payment.
You can also use this subtask to view exchange rates for non-Euro and Euro currencies. The Euro is the currency used in Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. Non-Euro currencies represent the legal tender used in the remaining countries.
Use this subtask to view exchange rate information.
This non-editable field displays the transaction code. The transaction description displays in the adjacent, non-editable field.
The transaction code represents the currency specified on the voucher.
This non-editable field displays the pay code. The pay code description displays in the adjacent, non-editable field.
The pay code represents the monetary unit you used to pay a voucher.
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Note: This field may be labeled Pay or Pay Currency. |
This non-editable field displays the rate group code. The rate group description displays in the adjacent, non-editable field.
The rate group allows you to compare one currency to another.
The rate groups you created establish a relationship between currencies. This relationship allows you to establish exchange rates in this subtask.
Use the fields in this group box to view the exchange rate information associated with the transaction and functional currencies. The transaction currency represents the currency specified on the voucher; the functional currency represents your company's primary or base currency.
This non-editable field displays the exchange rate date.
The displayed date might represent the date you submitted voucher payment or the current date. In addition, it might represent a more arbitrary date such as any one for which you calculated an exchange rate.
This non-editable field displays the rate amount.
If the transaction and functional currencies are the same, no rate determination will be necessary. In this case, this field displays "1.0000000."
If the transaction and functional currencies are different, the system calculates the rate using the parameters you established for records in the Multicurrency screens (Administration\Maintain\Multicurrency).
This non-editable field displays the transaction to functional exchange rate if you calculate the exchange rate for a non-Euro currency.
In this circumstance, this field will be labeled Trans to Func.
If you calculate the exchange rate associated with a Euro currency, the system calculates the value in this field by dividing "1" by the value in the Euro-to-Currency Exchange Rate field of the Currency Status screen (Administration\Maintain\Multicurrency).
In this case, the field will be labeled Trans to Euro.
This non-editable field displays "1.0000000" if you convert a non-Euro currency.
In addition, if you convert a non-Euro currency, this field will be labeled N/A.
If you convert a Euro currency, you must have completed setup of the Currency Status screen (Administration\Maintain\Multicurrency). In this case, this field will be labeled Euro to Func.
If this checkbox is selected, the system has halted any activity associated with the exchange rate information referenced in this subtask. This suspension occurs after a transaction has posted.
If the transaction posted and this checkbox was selected, Costpoint ignores any subsequent updates to the exchange rate throughout the life of this record. In this case, all evaluations of this record will be based on the exchange rate at the time the transaction posted.
For example, if the Rate field displays ".2000000," as it relates to the Dutch Gilder (NLG) and U.S. Dollar (USD) transaction to functional exchange rate, this value will not change as long as the Freeze Rate checkbox is selected. Although the actual, real-time rate may fluctuate, the data in this subtask will remain constant.
In addition, if you selected the Freeze Rate checkbox, this transaction was excluded when you executed the Update Open A/P Exchange Rates process.
The Update Open A/P Exchange Rates process inserts the most current exchange rate into the history tables to allow the calculation of unrealized gains and losses.
Since all of the fields in this subtask are non-editable, the functionality of this checkbox is disabled; you cannot use it to halt or suspend exchange rate activity.
Use the fields in this group box to view the exchange rate information associated with the functional and pay currencies.
This non-editable field displays the exchange rate date.
The displayed date might represent the date you submitted voucher payment or the current date. In addition, it might represent a more arbitrary date such as any one for which you calculated an exchange rate.
This non-editable field displays the rate amount.
If the functional and pay currencies are the same, no rate determination will be necessary. In this case, this field displays "1.0000000."
If the functional and pay currencies are different, the system determines the rate using the parameters you established for records in the Multicurrency screens (Administration\Maintain\Multicurrency).
This non-editable field displays the functional currency to pay currency exchange rate if you calculate the exchange rate for a non-Euro currency.
In this circumstance, this field will be labeled Func to Pay.
If the transaction and pay currencies are the same, this field displays "1.0000000." If the transaction and pay currencies are different, the system calculates the rate using the parameters you established for records in the Multicurrency screens (Administration\Maintain\Multicurrency).
If you calculate the exchange rate associated with a Euro currency, this field displays a functional currency to Euro currency calculation; in addition, this field will be labeled Func to Euro.
This non-editable field displays "1.0000000" if you convert a non-Euro currency.
In addition, if you convert a non-Euro currency, this field will be labeled N/A.
If you convert a Euro currency, you must have completed setup of the Currency Status screen (Administration\Maintain\Multicurrency). In this case, this field will be labeled Euro to Pay.
If this checkbox is selected, the system has halted any activity associated with the exchange rate information referenced in this subtask. This suspension occurs after a transaction has posted.
If the transaction posted and this checkbox was selected, Costpoint ignores any subsequent updates to the exchange rate throughout the life of this record. In this case, all evaluations of this record will be based on the exchange rate at the time the transaction posted.
For example, if the Rate field displays ".2000000," as it relates to the Dutch Gilder (NLG) and U.S. Dollar (USD) transaction to functional exchange rate, this value will not change as long as the Freeze Rate checkbox is selected. Although the actual, real-time rate may fluctuate, the data in this subtask will remain constant. In addition, if you selected the Freeze Rate checkbox, this transaction was excluded when you executed the Update Open A/P Exchange Rates process.
The Update Open A/P Exchange Rates process inserts the most current exchange rate into the history tables to allow the calculation of unrealized gains and losses.
Since all of the fields in this subtask are non-editable, the functionality of this checkbox is disabled; you cannot use it to halt or suspend exchange rate activity.
Select this pushbutton to close or hide the subtask.
This subtask accesses the VEND (Vendor), VCHR_HDR_HS (Voucher Header History), VCHR_LN_HS (Voucher Line History), VCHR_LAB_VEND_HS (Voucher Labor Vendor History), VCHR_LN_ACCT_HS (Voucher Line Account History), VEND_CHK (Vendor Check), and the VEND_CHK_VCHR (Vendor Check Voucher) tables.
