Financial updates

A/R quick payment multi-currency residual calculation (RS9071)

We have enhanced the functionality so you no longer have to convert multi-currency payment distribution into domestic currency and then back to payment currency. These are the specific changes:
  • Invoices and credit memos in any currency are translated into a single currency which is the currency of payment. After translation, both invoice balance and payment amount are represented in the same currency.
  • The payment amount is distributed among Invoices. That value is represented as payment currency.
  • Calculation of payment applied is performed based on distributed payment amount in the payment currency, which doesn’t require further currency conversion.

On the A/R Quick Payment Application form, the Amt to Pay (Payment Currency) and the Amt to Pay (Domestic Currency) columns have been added to the grid. On the A/R Payment Distributions form, the Payment Dist Amount and Exchange Rate fields have been added.