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General Concept: Customer amounts will be stored in the customer’s currency. This effects CO, Estimating, and AR. Vendor amounts will be stored in the vendor’s currency. This effects PO and AP. Cash accounts in Bank Reconciliation may be stated in non-domestic currencies. When receiving customer payments or making vendor payments we may specify the payment […]
This is about Progress version of Syteline, on how multi-currency works in Financial Statements. FINANCIAL STATEMENTS The exchange rate table (could be local or global) normally used by the database from which the Financial Statement is being printed will be used for the translations. Therefore, unless Current Rate translation is to be used on all […]
If you will be dealing with customers or vendors who use currencies other than your base (domestic) currency, use the following process to set up exchange rates and other multi-currency features. Make sure the general ledger accounts specific to currency exchange are set up in the Chart of Accounts: Realized Gain Realized Loss Unrealized Gain […]