Bkatwala
Member
Is it possible to maintain two different exchange rates for buying and selling i.e. for AP and AR transactions in exchange rate table.
manojvachhani
Member
We Use two currency codes for buying (USS) & selling (USD) and use in A/P &
A/r.
Manoj
A/r.
Manoj
askuodas
Active Member
Am not aware of any standard way to do this using a single currency code.
One way to do this may be to create different currency codes for use in A/P
and A/R.
If your base currency is AUD for example, and you want to trade in NZD with
suppliers and customers then you could use=20
a curency code of NZS (for example) for Suppliers and NZC for customers.
You could then set differing exchange rates for these currency codes and set
the currency codes in the Supplier Master (NZS) and Customer Master (NZC).
May need to consider effects on Purchase Orders and Invoices, but if using a
forms package to re-format documents going to outside parties, then a rule
could be set within the forms software.
Regards,
Adrian Skuodas
One way to do this may be to create different currency codes for use in A/P
and A/R.
If your base currency is AUD for example, and you want to trade in NZD with
suppliers and customers then you could use=20
a curency code of NZS (for example) for Suppliers and NZC for customers.
You could then set differing exchange rates for these currency codes and set
the currency codes in the Supplier Master (NZS) and Customer Master (NZC).
May need to consider effects on Purchase Orders and Invoices, but if using a
forms package to re-format documents going to outside parties, then a rule
could be set within the forms software.
Regards,
Adrian Skuodas
Mike Dupaix
VIP Member
The table does not hold more than one exchange rate
per day. However, you could use two different dates
for your restatement process at month end. The As OF
date used for restatement is contained in the
processing options.
--- Bkatwala <[email protected]> wrote:
http://www.jdelist.com/ubb/showthreaded.php?Cat=&Board=Apps&Number=42666
__________________________________________________
Do you Yahoo!?
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per day. However, you could use two different dates
for your restatement process at month end. The As OF
date used for restatement is contained in the
processing options.
--- Bkatwala <[email protected]> wrote:
http://www.jdelist.com/ubb/showthreaded.php?Cat=&Board=Apps&Number=42666
__________________________________________________
Do you Yahoo!?
New DSL Internet Access from SBC & Yahoo!
http://sbc.yahoo.com
World, OW B733X and Xe
