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: CMPO Before You Start Before you start the purchase order procedure, determine the currency you will use to pay the invoice. For this example, we assume the following: CMPO Step 1 Use the Manage Currencies screen to select the currencies that will be used in Costpoint. CMPO Step 2 Use the Manage Currency Status screen to activate this currency. CMPO Step 3 Use the Manage Exchange Rate Sources screen to specify sources for your exchange rates. CMPO Step 4 On the Manage Exchange Rate Groups screen, create a rate group. CMPO Step 5 If this is your first purchase order transaction, review the settings on the Configure Multicurrency Settings screen. CMPO Step 6 On the Manage Multicurrency Accounts screen. follow your company's procedures to assign the gain and loss accounts and organizations. CMPO Step 7 Enter the exchange rates for the currencies of your purchase order transaction. CMPO Step 8 Enter your purchase order voucher as usual in the Manage Purchase Order Vouchers screen. Parent Topic: Related Topics for Manage Currencies HomeAccountingMulticurrencyCurrency ControlsManage CurrenciesRelated Topics Creating Multicurrency Purchase Orders
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: CMPO Before You Start Before you start the purchase order procedure, determine the currency you will use to pay the invoice. For this example, we assume the following: CMPO Step 1 Use the Manage Currencies screen to select the currencies that will be used in Costpoint. CMPO Step 2 Use the Manage Currency Status screen to activate this currency. CMPO Step 3 Use the Manage Exchange Rate Sources screen to specify sources for your exchange rates. CMPO Step 4 On the Manage Exchange Rate Groups screen, create a rate group. CMPO Step 5 If this is your first purchase order transaction, review the settings on the Configure Multicurrency Settings screen. CMPO Step 6 On the Manage Multicurrency Accounts screen. follow your company's procedures to assign the gain and loss accounts and organizations. CMPO Step 7 Enter the exchange rates for the currencies of your purchase order transaction. CMPO Step 8 Enter your purchase order voucher as usual in the Manage Purchase Order Vouchers screen. Parent Topic: Related Topics for Manage Currencies HomeAccountingMulticurrencyCurrency ControlsManage CurrenciesRelated Topics Creating Multicurrency Purchase Orders