About handling multiple currency applications

You can apply cash to transactions that are in non-base currency. The transactions will display in the currency of the payment. Multiple currency application allows you to process transactions when company base, transaction, and payment currencies are all different.

Note: If you want to display only those open items that have a specific currency, then use the Selection Criteria filter to limit the display of open items to that currency. Click Filter to open the Selection Criteria subform. Use the Extended Transaction tab to specify or select a currency code. These items will also be selected for application.

AR32.1 displays all open items for the contract, activity group, or customer that you have selected. These are the ways on how the open item currency amounts display:

Open items that have the same currency as the payment, display in payment currency.
Open items that have a different currency from the payment, display in payment currency when a currency relationship is defined between the payment and transaction.
Open items that have a different currency from the payment, display in transaction currency when a currency relationship is not defined between the payment and transaction.

Note: You cannot apply the payment to the open item(or select the item for automatic application on AR130 if the currency relationship or rate does not exist. You will receive an error message indicating that a currency relationship does not exist. AR32.1 allows all items to be retrieved but the currency edit prevents an incomplete currency application from occurring.