Exchange Rate

On the A/P Payments form, enter the exchange rate for the payment. The value you enter here is displayed on the A/P Payment Distributions form. This field is accessible only if the payment (bank) currency is not the same as the domestic currency.

Note:  If this entry is a reapplication of a payment, the original exchange rate is used.

On the A/P Quick Payment Application form, the exchange rate between the payment (bank) currency and the domestic currency is displayed for the payment. For open payments, you must book a gain/loss transaction if the exchange rate on the payment is different than the exchange rate on the voucher or adjustment. The payment will go to A/P Posted Transactions with the same exchange rate as the open payment. The voucher will not be revalued.

On the Generate A/P Transactions form, this field defaults to the exchange rate on the purchase order. If Allow Exchange Rate Update is selected on the Accounts Payable Parameters form, you may update the rate. If the Allow Exchange Rate Update field is not selected, this field is read-only.

Note:  Updating the exchange rate for a voucher should only occur in limited situations where a vendor specifically requests the rate change.

On the Voucher Builder form, the Exchange Rate field displays the exchange rate from the first purchase order in the grid that is yet to be vouchered. If the first selected PO has a fixed rate, then only POs with the same fixed exchange rate as the first PO can be selected for inclusion in the voucher.

On the Purchase Order Receiving Auto Voucher form, the exchange rate of the purchase order being received and auto vouchered displays and is read-only.