Creating Multicurrency Purchase Orders
This topic describes the steps to create the first multicurrency purchase order in Costpoint.
Related Topics:
CMPO Currencies for Purchasing
Costpoint recognizes the following two currency types for recording purchasing transactions:
Before you start the purchase order procedure, determine the currency you will use to pay the invoice. For this example, we assume the following:
Use the Manage Currencies screen to select the currencies that will be used in Costpoint.
Use the Manage Currency Status screen to activate this currency.
Use the Manage Exchange Rate Sources screen to specify sources for your exchange rates.
On the Manage Exchange Rate Groups screen, create a rate group.
If this is your first purchase order transaction, review the settings on the Configure Multicurrency Settings screen.
On the Manage Multicurrency Accounts screen. follow your company's procedures to assign the gain and loss accounts and organizations.
Enter the exchange rates for the currencies of your purchase order transaction.
Enter your purchase order voucher as usual in the Manage Purchase Order Vouchers screen.