Rate types with Multicurrency
BUY- usually associated with RECEIVABLES module in the company. The customer is buying merchandise from you and you are converting to the proper exchange rate when the bank buys the currency from you and gives you the functional back. Because a company must sell the other currencies received from customers to this bank at the bank's Buy rate, that rate is used for sales transactions.
AVG- associated with the FINANCIAL and revaluation. At the end of each month, companies will usually go through a revaluation of their general ledger(now in 6.0 can also do payables/receivables) at that time they usually use an average exchange rate for the entire month. Average may be used to refer to the average of the Buy and the Sell rate.
A customer can begin using the EURO at any point. Before you setup the triangulation, there are certain steps you must complete before the system will allow them to enable the EURO such as reconciling all the check books, making all their deposits, unapply any partially applied documents etc. Please refer to the EURO document on the requirements and technical support for any questions.
This article was TechKnowledge Document ID: 24110
ИД на статията: 872128 – Последен преглед: 03/28/2016 21:25:00 – Редакция: 6.0
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