Multicurrency Invoice Amount Entry for Non-PO Invoices - IAConnect - English - Foundation 22.1 - OnBase - external

IAConnect
Platform
OnBase
Product
IAConnect
Release
Foundation 22.1
License

Some transactions may be in a currency other than the US Dollars or the company's functional currency. The AP processor applies the currency rate for international invoices.

  1. If the invoice is in a foreign currency, select the Multicurrency check box to the left of the Multi Curr button in the Indexing control.
  2. Click the Multi Curr button to open the Select Currency dialog box.
  3. In the Select Currency dialog box, provide the following information:

    • Transactional Currency Code: The currency for which invoice was written

    • Rate Group: The rate group to which the selected currency belongs

    • Rate Date: The same date as the invoice date

  4. Click Calculate Exchange. The system automatically finds the rate from Costpoint for the date selected.
  5. Click OK to save and return to the Indexing control.
    Note:

    All multicurrency transactions require having the Costpoint Multicurrency module configured.

    Note:

    For PO-based invoices, the system automatically uses the currency code and rate from the Costpoint purchase order. The AP processor is not able to edit this value.