Deltek Vantagepoint Help

Using the Help Search
Using the Help Search
  • Phrase:Returns all topics that contain the exact phrase in the search criteria. Use quotation marks around the phrase.
    Ex."system administration"
  • And:Returns all topics that contain all the words in the search criteria, in any combination. Insert a plus sign between all words in the search criteria.
    Ex.system + administration
  • Or:Returns all topics with any combination of words in the search criteria. This is the default.
    Ex.system administration
For more information:Searching Online Help

Credit Card Feature and Multiple Currencies

This information applies if you use multiple currencies and the Credit Card feature in Vantagepoint.

When you use the Credit Card feature, you specify the currency for a credit card on the Options tab of the Credit Card settings form in Settings > Cash Management > Credit Cards. This is the currency of the credit card statement and likely the currency in which you pay the credit card company.

If you import charges from a credit card statement into Vantagepoint, you are required to import the charge payment (amount in credit card currency). In addition, you can import the transaction amount and transaction currency. If you only import the payment amount, Vantagepoint assumes the transaction amount and currency match the payment amount during the credit card import. The transaction amount and payment amount will be available to the expense report user on an expense report.

If you import charges from a credit card statement into Vantagepoint, the credit card reconciliation that you perform in Cash Management > Credit Card Reconciliation is based on the credit card's currency.

Gains and Losses that Are Associated with a Credit Card

When a credit card's currency is the same as a company's functional currency, there are no gains or losses associated with the credit card as a result of exchange rate differences.

When a credit card's currency is different from a company's functional currency, gains or losses are possible due to exchange rate differences between the time that an expense report (company paid) is posted and the voucher is paid to the credit card company. An example of this scenario is when an employee in a satellite office (that is not defined as a separate company within Vantagepoint) has a company-issued credit card in a local currency that is different than the company's functional currency.

Vantagepoint provides the necessary information for you to create a journal entry to account for gains and losses due to fluctuating exchange rates. Compare the following amounts to determine the difference to the gains or losses account for the journal entry:
  • The Summary tab of the Credit Card Reconciliation form (Cash Management > Credit Card Reconciliation) displays the functional currency amount of the original expense report and AP disbursement transactions that are tied to the active credit card statement.
  • The AP Payment Processing Posting Log in the Transaction Center that contains the payment to the credit card company displays the functional currency amount paid to the credit card company.

Foreign Denominated Accounts

If the company-paid credit account for a credit card will hold a balance from month to month and you want to revalue the balance, you can designate the account as foreign denominated on the General tab of Settings > General Ledger > Chart of Accounts. Vantagepoint includes foreign denominated accounts during gain and loss processing to calculate any unrealized gain or loss. If you clear the amount in the company-paid credit account each month, it is not necessary to make it foreign denominated.