Where is currency determined?

The currency definitions for your company are defined in the General Ledger application.

The base currency on a purchase order can default from either the company level or the vendor invoice. You can also select an alternative base currency for a purchase order at the header level if your company is set up for multiple currencies.

It is only possible to have one currency designated for all items on a purchase order. Additional currency options you might use when creating a purchase order include:

• Revalue currency at payment time to capture changes which result from the exchange rate fluctuating.

• Set currency rate at PO entry, invoice approval, or receiving time.

• Override default currency rate.