Exchange Rates Subtask
If you implement Multicurrency, use this subtask to set up and modify transaction currency default information, by service request and customer.
Contents
| Field | Description |
|---|---|
| Transaction Currency | Enter, or click  to select, one of the system-defined transaction currencies. If the transaction and functional currencies are the same, the Rate and Trans to Func fields in the Transactional Currency to Functional Currency Exchange Rate Info group box default to 1.0000000 and 0.0000000, respectively. Exchange rate can be modified only when the service request has not been Approved. Once status is set to A (Approved), exchange rate fields are locked. The field to the right displays the currency name or description. |
| Rate Group | Enter, or click to select, the rate group code to be used for this customer\'s transactions. Rate groups identify the source of exchange rate data. You can create and modify rate group codes on the Manage Exchange Rate Groups screen in Multicurrency. However, this field displays the default rate group from the Multicurrency subtask of the Manage Customers screen. You can only modify this field if the service requests status is Pending or Rejected. The field to the right displays the rate group name or description. |
Transactional Currency to Functional Currency Exchange Rate Info
Use this group box to set up transaction and functional currency exchange rate information for the service request that you are entering. The Rate and Trans to Func fields default with the specified exchange rate information assigned to the rate group on the Multicurrency subtask of the Manage Customers screen. Exchange rates are \"frozen\" upon submission of the service request being approved. If you later modify the currency, the exchange rate is again looked up and frozen at the new rate.
| Field | Description |
|---|---|
| Rate Date | Enter, or click |
| Rate | This field displays the actual exchange rate between the selected rate group and the selected exchange rate date. You can only modify this field if the service requests status is Pending or Rejected. For transaction to functional currency exchange rates, the exchange rate for non-Euro currencies loads. However, if you are using Euro currency, the product of transaction currency to Euro and Euro to functional currency exchange rates displays. If both the transaction and functional currency are Euro, this field is blank. |
| Freeze Rate | Select this checkbox to hold the last rate saved and to prevent new rates to apply. |
| Trans to Func | The conversion rate in the Rate field defaults into this field to allow you to modify the transaction currency for this service request. Costpoint disables this field if the service request status is Approved. If you are using Euro currency, this title of this field is Trans to Euro; and the product of transaction currency to Euro and Euro to functional currency exchange rates displays. If Euro currency is both the transaction and functional currency, this field is disabled. |
| Find Rates | Click this button to find currency rates in Multicurrency. |
| N/A | This field displays as Euro to Func if you are using Euro currency; however, if you use transaction to functional direct conversion, this field is blank. |
to select, the date or period of the exchange rate being used for this service request (also refer to the Multicurrency subtask of the Manage Customers screen). You can only modify this field if the service requests status is