Rate determiner

For the standard currency system, you can only use Document Date and Manually Entered.

  • Document Date

    LN uses the rate that is valid on the date and time on which the documents are created. The Document Date rate determiner applies to all types of transactions. You can manually change the rate.

    The rate is updated by Invoicing when the invoice is posted.

  • Manually Entered

    You can manually enter the rate. By default, LN uses the rate that is valid on the date and time on which the documents are created. The Manually Entered rate determiner applies to all types of transactions.

  • Expected Cash Date

    LN uses the rate that is valid on the date and time at which payment of the sales invoice or purchase invoice is expected.

    Expected cash date = expected delivery/receipt date + payment period

    The payment period is specified in the Terms of Payment (tcmcs0113s000) session. The Expected Cash Date rate determiner applies to all types of transactions. You cannot manually change the rate.

    The rate is updated by Invoicing when the invoice is posted.

  • Fixed

    You can use this rate determiner only for a dependent currency system or a single currency system. The Fixed rate determiner applies to all types of transactions.

    If you manually enter the rates between the transaction currency and the reference currencies, the rate is fixed. If you do not manually enter the rates, the rate is not fixed and LN uses the rate that is valid on the date and time on which the documents are created.

  • Fixed Hard

    You can use this rate determiner only for an independent currency system. The Fixed Hard rate determiner applies to all types of transactions.

    If you manually enter the rate between the transaction currency and the reporting currencies, the rates are fixed. The local currency rate is based on the document date of the actual document.

    If you do not manually enter the rate between the transaction currency and the reporting currencies, the rates are not fixed and LN uses the rates that are valid on the date and time on which the documents are created.

  • Fixed Local

    You can use this rate determiner only for an independent currency system. The Fixed Local rate determiner applies to all types of transactions.

    If you manually enter the rate between the transaction currency and the local currency, the rate is fixed. The other rates are based on the document date of the actual document.

    If you do not manually enter the local currency rate, the rate is not fixed and LN uses the rate that is valid on the date and time on which the documents are created.

  • Fixed Local and Hard

    You can use this rate determiner only for an independent currency system. The Fixed Local and Hard rate determiner applies to all types of transactions.

    If you manually enter the rate between the transaction currency and the home currencies, the rates are fixed. The local currency rate is based on the document date of the actual document.

    If you do not manually enter the rates between the transaction currency and the home currencies, the rates are not fixed and LN uses the rates that are valid on the date and time on which the documents are created.