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Invoicer, SOP and POP Applications

Datafile Software

Invoicer, SOP and POP Applications

In all three of these programs it is assumed that the values entered are in the currency of the account. When the sales or purchase ledger is posted after printing an invoice, then the foreign currency values are posted to the sales or purchase ledger as appropriate and base currency values calculated to complete the transaction posting in the base currency. Conversion either takes place at the holding rate, or at the spot rate for the date which is the invoice date (if the spot rate history feature is implemented).

You may be offered the chance to change the currency rate at the time a document is prepared. Other than this there is little operational difference in the applications.

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