Configuring currency for tax interface

Optionally, if you are using foreign currency for customers or vendors with the integration, use SA Currency Setup to define the values for that currency.

  1. Select System Administrator > Setup > Currency.
  2. Verify or set up records for all currencies used by your customers. Ensure the Standard Currency Code on each record is the three-character currency code as defined in the ISO-4217-3 standards.
  3. Click Save.
    Note: Taxes are calculated in the currency of your General Ledger. When a sales or purchase order is created for a customer or vendor with a foreign currency, all the monetary values on the sales or purchase order are displayed in the currency of that customer or vendor. However, the General Ledger is updated using your domestic currency, as set up in SA Company Setup. When a call is made to calculate taxes in , or Sovos GTD, or Vertex Cloud, the order amounts are converted to your domestic currency before being calculated. The tax amounts, returned in the domestic currency, are stored in the system for posting to the General Ledger, then those values are converted back to the foreign currency for display on the invoice. VAT tax amounts are converted back to the domestic currency for VAT reporting.