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" <firstname.lastname@example.org> (by way of David Gibbs <email@example.com>)@midrange.com on 11/14/2000 06:28:18 PM Please respond to MAPICS-L@midrange.com Sent by: firstname.lastname@example.org To: email@example.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:firstname.lastname@example.org>newton@sunroc<mailto:email@example.com>.com +--- | This is the MAPICS Mailing List! | To submit a new message, send your mail to MAPICS-L@midrange.com. | To subscribe to this list send email to MAPICS-L-SUB@midrange.com. | To unsubscribe from this list send email to MAPICS-L-UNSUB@midrange.com. | Questions should be directed to the list owner/operator: firstname.lastname@example.org +--- +--- | This is the MAPICS Mailing List! | To submit a new message, send your mail to MAPICS-L@midrange.com. | To subscribe to this list send email to MAPICS-L-SUB@midrange.com. | To unsubscribe from this list send email to MAPICS-L-UNSUB@midrange.com. | Questions should be directed to the list owner/operator: email@example.com +---
As an Amazon Associate we earn from qualifying purchases.
Operating expenses for this site are earned using the Amazon Associate program and Google Adsense.