How does the Currency application affect Invoice Matching?
Before you use the Invoice Matching application, become familiar with the Currency features in the table below. These features affect the Invoice Matching application. For more detailed information, see the Currency User Guide.
| Feature | Definition | Effect on Invoice Matching |
|---|---|---|
| Currency Table | If your company uses multiple currencies, a currency table reduces the time it takes to independently create and maintain currency rates and relationships. | A currency table is a combination of currency relationships, exchange rates, and translation rates that are used by one or more companies. |
| Currency Codes | An identifier and other parameters that define a currency within the Lawson applications. |
You must define at least one currency code to represent the currency used in transactions. If you use multiple currencies, you must define each currency along with its conversion factors. |
| Currency Relationship | A currency relationship identifies rules for a relationship between two currency codes in a currency table. | If your company uses a currency table for multiple currencies, you must define currency relationships. |
Planning Currency Setup for Invoice Matching
