Local Currency Amounts for Recurring Entries in Foreign Currency

Description

Before, the system would transfer only foreign currency amounts to the created documents when recurring entry original documents existed in foreign currency. It would always recalculate the local currency amounts using the posting date and the exchange rate from the exchange rate table. By selecting the option in the specifications for making recurring entries, you can now have the system transfer also the item and/or tax amounts in local currency to the accounting documents.

If parallel currencies (group currency, hard currency...) are managed, the system processes them like the local currency.

Changes in procedure

When entering recurring entry original documents, you can specify that the system also transfer item amounts in local currency or tax amounts in local currency to the 'actual' documents. You can change these options later by using the change transactions.

The distinction between item amounts and tax amounts is required so that the tax amounts can be translated with a rate that differs from the one in the document header. The following situations should be distinguished:

• All amounts are always to be determined with the current exchange rate:

• The item amounts should be transferred with the fixed translation rate. The tax amounts should always be translated using the exchange rate valid at the time of posting and using the posting date or document date:

• The item amounts and the tax amounts are to be transferred with fixed exchange rate (it is not important whether tax amounts were translated with the exchange rate in the document header or with an exchange rate defaulted or entered manually on the tax screen).