When post a payment transaction directly within the Purchase
Ledger or via the Cashbook application the system allows you to confirm the
exchange rate to use when posting a payment to a non-GBP (or more correctly non
base currency) supplier. When processing an automatic payment run for a
currency, however, the system automatically uses the current holding/spot rate.
This new feature allows you to confirm the holding rate for the payment run.
If enabled, then when you confirm the currency during the
Automatic Payment Generation the system will prompt for the exchange rate to
use.
Installation
Application User Facilities
To enable the confirmation of exchanges rates a new
parameter has been added to the Automatic Generation of Payments parameters
within the Purchase Ledger Application User Facilities. To update select Installationfrom the main menu followed by Application Manager and then Application
User Facilities. Select the Purchase Ledger application followed by Purchase
Transactions and then move to screen 4 of the parameters.
Confirm Exchange Rate – set to enable the option to
confirm the posting exchange rate at run-time.
Article ID: 2301 Created On: Wed, Oct 16, 2024 at 3:24 PM Last Updated On: Wed, Oct 23, 2024 at 11:48 AM
