The lower left corner of the A/P Entry window contains a dollar sign ($) that represents the base currency rate of the vendor. You can assign a different currency so that you can enter a payable in a currency other than the base currency of your company.
When you enter a payable in a foreign currency, the system converts the amount to your system's base currency, using the current day's exchange rate, before storing it. The system also displays the selected currency and current day's exchange rate at the top of the screen when you assign a foreign currency. On zero dollar A/P invoices, the system applies any discrepancies to the currency exchange account at time of entry so that a balance is not left on the invoice.
To assign a currency other than your company's base currency:
From the A/P menu, select, A/P Entry to display the A/P Entry screen.
Populate the screen.
From the Currency menu, select Currency Exchange to display the Currency Exchange window.
In the Currency field, select the currency you wish to assign. The system translates all currency amounts to the Exchange Rate in effect on the transaction date.
From the File menu, select Save.
The system displays open purchase order amounts in the assigned currency.
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