The procedures for both selling to a foreign customer or buying from a foreign vendor are similar. The feature that is important to both is the Currency Exchange screen, which lets you reprice items in different currencies.
If an order is in a currency that is different from the base currency of your company, that currency and the currency exchange rate, based on the as of date and exchange rate for the order date, display at the top of the screen. If the exchange rate on the invoice processing date is different from the exchange rate on the date the order was created, Eclipse overrides the cost and price to be what they were on the date the order was placed.
When a customer is designated as having a foreign currency, and an item is entered on an Order Entry screen, the price is displayed in the foreign currency. The amounts that are carried over to a Totals screen are also specified in the foreign currency.
It is important to note that even though a sales order or a purchase order is written in a foreign currency, everything posts to the general ledger in the base currency of your company.
Use the following procedures to do business in foreign currencies:
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