Customer Payments

When you select a reporting currency in the Customer Payment Reporting single dialog workspace, Maconomy converts the amounts in the Statistics island, based on the lines you selected in the Collections sub-tab, using the company specific exchange rate table of the company on the line.

You can create and edit customer payments where Maconomy converts the amount in currency, base, enterprise, standard, and settling company currencies using the company specific exchange rate table of the company on the customer payment. Similarly, you can create and edit customer payments where Maconomy converts the charge currency and charge base, or vice versa depending on which fields are populated, using the company specific exchange rate table.

When you create a customer payment with any withholding tax level and the company has a sales exchange rate table, Maconomy converts the amounts using the company specific exchange rate table. Furthermore, when you post a customer payment journal, Maconomy converts the enterprise amount on the finance entries from the base currency or transaction currency of the payment to the enterprise currency using the new enterprise exchange rate table.

When you reconcile a customer payment against an invoice with the Margin for customer payment variance system parameter enabled, Maconomy converts the margin to the relevant currency using the payment company's exchange rate table.

Additionally, you can also import customer payments for non-electronic invoices, where the output data form does not have the relevant customer payment form information. Maconomy converts the amount and charge amount of the customer payment entries between base and currency using the company specific exchange rate table of the company on the customer payment entry.

Note that if the company does not have a company specific exchange rate table, Maconomy automatically uses the global exchange rate table.