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The Currency code list is used to link various types of information (e.g. rounding invoices for different currencies, accounts to which the program should post exchange rate gains and losses) and the currency code. Subsequently, it is necessary to define exchange rates for each currency in the Exchange Rate table. For a description of entering exchange rates, refer to Chapter 8.3.2 https://iao.atlassian.net/wiki/spaces/OCDOC/pages/76710496/Currency+Setup#Exchange-rate .
Default currency codes are entered, for example, on the Customer, Vendor or Financing Contract card, and when posting invoices, credit memos, etc., the program uses the information represented by this code from the Currency code list.
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Code
It represents a unique code that the user enters manually. The code can be numeric, text, or a combination of numbers and text with a maximum length of 10 characters without spaces (it can be replaced by an underscore). We recommend creating it in such a way that it is easy to remember and helps the user identify what currency it is by the code (e.g. international currency abbreviations according to ISO 4217).
Description
The user manually enters the currency description/name.
ISO Code
informative field, specifies the three-letter currency code defined in the ISO 4217 standard.
ISO Numeric Code
information field, specifies a three-digit code number defined in the ISO 4217 standard.
Symbol (Symbol)
Specifies the symbol for this currency that you wish to display in checks and charts. You don't need to set this field.
Unrealized Gains Acc. Account
In this field, you can enter the G/L account number to which unrealized exchange rate gains will be posted when the Adjust Exchange Rates batch job is run.
Realized Gains Acc. Account
In this field, you can enter the G/L account number to which realized exchange rate gains will be posted when the Adjust Exchange Rates batch job is run.
Unrealized Losses Account (Acc.)
In this field, you can enter the G/L account number to which unrealized exchange rate losses will be posted when the Adjust Exchange Rates batch job is run.
Realized Losses Account (Acc.)
In this field, you can enter the G/L account number to which realized exchange rate losses will be posted when the Adjust Exchange Rates batch job is run.
EMU Currency
flag that specifies that the currency is an EMU currency. If you are applying entries in different EMU currencies to each other, a check mark must be inserted in this field for all EMU currencies. Currency settlements can then be set up in Sales & Receivables Setup and Purchase & Payables Setup. One of the settlement options is the EMU currency.
Last Date Modified
the system will automatically fill in the date of the last change of any information in the Currency table. Each time a user makes a change in any of the code list fields, the system automatically changes the date in the Modified On field.
Last Date Adjusted
The system automatically fills in the date of the last exchange rate adjustment - i.e. the date when the Exchange Rate Adjustment batch job was last run. Each time a user runs the Adjust Exchange Rates batch job, the system automatically changes the date in the Adjusted On field.
Payment Difference % (Payment Tolerance %)
automatically completes the system with the Change Payment Difference batch job (button in the menu of the Process -> Change Payment Difference tab). The batch job described in the next chapter.
Max. Payment Tolerance Amount
the system is automatically completed with the Change Payment Tolerance batch job (button in the menu of Process -> Change Payment Difference). The batch job described in the next chapter.
Change Payment
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Tolerance Batch Job
Using a Batch Job Change Payment Difference (Change Payment Tolerance), the user can change the maximum payment variance or payment variance percentage, or both, and filter by currency. If there are open customer and vendor entries, the program asks if the user wants to change any open entries that are not blocked, and the entries are updated accordingly.
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All Currencies
Check if the user wants to change the deviation settings for the local currency and all foreign currencies.
Currency Code
The user selects the currency code for which he wants to change the variance setting. The system automatically pre-fills the currency code from the card from which the user ran the batch job.
Payment Difference % (Payment Tolerance %)
The user manually enters the percentage by which the payment or refund can be less than the amount shown on the invoice or credit memo. The variance value will then be posted to the set variance account.
Max. Payment Difference Amount (Max. Pmt. Tolerance Amount)
The user enters the maximum allowed amount, by which the payment or refund may differ from the amount shown on the invoice or credit note. The variance value will then be posted to the set variance account.
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