Accounts Payable Configuration Screen - Multi-Currency Tab

You use the Accounts Payable Configuration screen to configure system behavior for Accounts Payable. Typically, this information is configured one time and rarely changed. It is important to understand the implications of changing any system configuration as changes can have substantial impact to how the system behaves in certain scenarios. If you need further clarification on how changing a particular system setting may impact your system, contact your regional Client Care Team.

Click the Accounts Payable Configuration link on the Main Menu to access the configuration screen. The screen has seven tabs: General, Vouchers and 1099 Values, Payments, Aging, Taxes, Multi-Currency and Access Privileges. See below for information about the options within the Multi-Currency tab. 

  • Enable Multi-Currency - If checked, multi-currency is used in Accounts Payable.
  • With Triangulation - If checked, multi-currency with triangulation is the method of calculation. Select the triangulation currency from the drop-down.
  • Foreign Currency GL Accrual Account - Click the Select hyperlink to select the GL account for the foreign currency gains and losses during the accrual process due to exchange rate fluctuations. To change the GL account code, click the Clear hyperlink and then click the Select hyperlink.

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Comments

4 comments

Date Votes
  • Michael Archer

    Hello, 

    Is there a similar configuration for AR to allow invoicing in a currency other than our functional currency? Do we need to create an entire price list for the currency we would like to invoice in?

    0 upvotes

  • Irene Tjandrasa

    Hi Michael,

    Just to clarify your question, so are you asking if for example you have a service order in USD ( using USD price list) and you want to invoice this in different currency? 

     

    Thanks

    0 upvotes

  • Michael Archer

    Hi Irene,

    Our functional currency is CAD. I was hoping that we would be able to have only a CAD price list to avoid needing to maintain two lists & 99% of our clients will be CAD. We might have a single client that is a USD client & I was hoping to be able to invoice them in USD off a CAD price list with the system converting at time of invoicing based on a clients currency designation.

    Thanks

    0 upvotes

  • Irene Tjandrasa

    Hi Michael,

    Unfortunately, there is not a way to do that in our system currently. You might have to create a USD price list.

     

    Thanks

    0 upvotes

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