Re: MAPICS Multi Currency

Ron, I know a little something about multi-currency in MAPICS.

1. You must setup the UK operation in a separate environment. This is
because the local currency for the UK site is sterling and you cannot have
two local currencies in the same environment.

2. In this environment you must turn-on the multi-currency option in CAS.
You should do this for COM, AR, PUR, AP, and GL.

3. Then you must setup your exchange rates relative to the Sterling.

4. When you set up your customers and vendors, you must specify the
currency ID that you are using when you buy and sell with them. If you do
business in Sterling then the Currency ID is blank. If you do business with
vendors and customers in more than one currency, then you must setup
separate customer and vendor numbers for each trading partner/currency
combination.

5 When you enter customer orders in COM, you enter them in the transaction
currency; COM calculates their Sterling value. Incidentally, you need to
make some decisions about how you are going to have COM calculate foreign
currency prices.

6. When you receive customer payments, you enter the amount paid in
transaction currency. You can have AR calculate the Sterling value or enter
it directly if it is known. In either case, AR calculates the transaction
gain and loss.

7 PUR and AP work the same way as COM and AR work--only the signs of the
amounts are reversed.

Bob Tenney
Bob Tenney Solutions, LLC
New Phone 866-BTENNEY




"Rob Newton" <newton@sunroc.com> (by way of David Gibbs
<david@midrange.com>)@midrange.com on 11/14/2000 06:28:18 PM

Please respond to MAPICS-L@midrange.com

Sent by:  owner-mapics-l@midrange.com


To:   mapics-l@midrange.com
cc:
Subject:  MAPICS Multi Currency


I'm looking for some knowledge on how to setup and start using the MAPICS
multi currency functions in COM and AR.  I do know that we will have to
answer some tailoring questions in both COM and AR to allow multi currency
to work and setup currency codes and exchange rates in CAS.  We have a
plant that is just opening up in the U.K. and we are looking into how we
can enter orders, invoice, and apply receipts using MAPICS.  If anyone has
been using this function or can give me do's and don'ts on how to use this
function, your input would be greatly appreciated.  NOTE: We do not have
IFM and we are currently on release XA4.

Thanks.

Rob Newton
M.I.S. Manager
Sunroc Corporation
302-678-7800 x230  (phone)
302-678-7809           (fax)
<mailto:newton@sunroc.com>newton@sunroc<mailto:newton@sunroc.com>.com



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