Fields and controls
Currency Code
The program displays the specified currency codes for the receipt, and you cannot change them.
Exchange Rate
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 screens in Currency.)
Rate Date
Accounts Receivable uses the exchange rate specified for this date in Currency 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.
Rate Type
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 define rate types using the Currency Rate Types screen in Currency.
Receipt Amount
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 A/R 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.
Overview
Use this screen to:
- Change the exchange rate for the current receipt—for example, to one that was agreed on for the invoice.
- Change the exchange rate. The program will automatically adjust the Receipt Amount field.
If the batch is in the functional currency:
- The Check/Receipt Amount you enter in the A/R Receipt Entry screen is in the functional currency.
- The Receipt Amount is in the customer currency.
- If you use the A/R Rate Override screen to change the exchange rate, you will change the amount in the Receipt Amount field (which shows the amount in the customer currency).