Costpoint Online Help

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Exchange Rates Subtask

Use this subtask to review transaction currency, rate group, and exchange rate information for the subcontractor purchase order (PO). All field values on this subtask default from the Exchange Rates subtask of the Manage Purchase Orders screen.

You can only modify the Rate Date field and the Freeze Rate check box.

Contents

Field Description
Work Assignment, Desc, Status, Vendor, PO, Rlse

These fields display values from the main screen.

Transaction Currency

This field displays the transaction currency for the subcontractor PO. This field populates with the default Transaction Currency from the Exchange Rates subtask of Manage Purchase Orders.

Rate Group

This field displays the rate group for the transaction. This field populates with the default Rate Group from the Exchange Rates subtask of Manage Purchase Orders.

The rate group name displays in the field on the right.

Transaction Currency to Functional Currency Exchange Rate Info
Rate Date

This field displays the system (today's) date. To obtain exchange rates for another date, enter, or click to select, a date and click the Apply button.

Rate

This 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 Configure Multicurrency Settings screen.

Freeze Rate

Select this check box to hold the last rate saved in these fields. You can enter other rates in Costpoint, but they are not applied to this transaction (for gain or loss calculation) unless this check box is cleared.

Trans to Func or Trans to Euro

For those transactions that involve Euro currencies, this field is titled Trans to Euro and displays the rate for the transaction to Euro currency. This field is titled Trans to Func if non-Euro currencies are being exchanged.

N/A or Euro to Func

For those transactions that involve Euro currencies, 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-Euro currencies are being exchanged.

Apply

Click this button to update information on the main screen and on any applicable subtasks with the new exchange rate information. This button applies the new exchange rate data to other applicable fields on this subtask.

For example, if you change the data in the Rate Date field, you must click the Find Rates button to display the updated exchange rate information on this subtask. When you click the Apply button, it synchronizes the main screen information and all applicable subtasks on the main screen so they are consistent with the information on this subtask.