| To use the external exchange rate typeThe amounts on the sales
listing and the Intrastat declaration must usually be reported in the company's
local currency. When you process the
invoices and orders in Invoicing LN converts the amounts to the local currency by using the exchange rate type of
the transaction. For the amounts on the
sales listing and the Intrastat report, the rules for the currency rates to be
used can differ between the countries. In some countries, you can use your own
company rates and in other countries, you must use specific exchange rates, for
example, the rates used by the European Central Bank. For the sales listing and the Intrastat declaration, you can
generate the amounts to be reported in two ways simultaneously: - As internal values for your own audits, using the transaction
exchange rates. These amounts can be used to match the sales listing or the
Intrastat declaration to your sales and purchase accounts.
- As declaration values using the external exchange rates
prescribed, for example, by the central bank. These amounts are included on the
reports.
To calculate the amounts using the external exchange rate,
take the following steps: - Define an exchange rate
type for the external exchange rates and define the exchange rates between the
transaction currencies and the reporting currency for this exchange rate type.
Use the currency rates prescribed by your central bank or other authority. For
details, refer to To define currency rates.
- In the Companies (tcemm1170m000) session, you can optionally select the default
external exchange rate type for the company.
- In the Process Intrastat Transactions (tccom7271m000) session or the Process Intracommunity Listing (tccom7270m000) session, select the Recalculate Amounts with Declarant Exchange Rates check box.
- Select the external
exchange rate type in the Declarant Exchange Rate Type field. By default, LN displays the external
exchange rate that you entered in the Companies (tcemm1170m000) session.
- LN recalculates the invoice values and the statistical values in the local
currency using the external rates of the invoice dates or order dates and
prints the recalculated values on the reports. You can view these values as
well as the internal values in the Sales Listing (tccom7170s000) session and the Intrastat Transactions (tccom7171m000) session.
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