A/R Rate Override Screen (Receipts)

This is the amount in the customer's currency. The rates in this screen show the exchange rate used to convert the customer currency to the currency of the current receipt batch or, if the batch is in the customer currency, the exchange used to convert the customer currency to the functional currency.

This is the exchange rate currently in effect for the specified currency and the displayed rate type and rate date.

You can change the rate if necessary. (Accounts Receivable selects the rate to display from the Currency screens in Common Services.)

Accounts Receivable uses the exchange rate specified for this date in Common Services to convert amounts from the customer currency to your functional currency.

Accounts Receivable displays the document date as the default rate date, but you can enter a different date. If you enter a new date, Accounts Receivable displays the exchange rate associated with that date.

The rate type is a code for the kind of rate to use when converting multicurrency amounts to functional currency. Examples of rate types might be "spot rate," "average rate," and "contract rate."

You must type a valid rate type or select one from the Finder.

You define rate types using the Currency Rate Types screen in Common Services.

This field shows the amount in the receipt currency.

The receipt amount is converted to the customer currency using the exchange rate information contained on the Rate Override screen. The Applied Amount field (in the receipt application table) shows the amount applied to the customer's account in the customer's currency.