We are preparing to turn on Currency Manager but have run into a problem it seems. We are testing it and it seems that we may have to re-enter all a great number of POs. The POs are still in native currency and need to be populated with the foreign currency. Is there no process to do this when C/M is turned on?
Tek-Tips is the largest IT community on the Internet today!
Members share and learn making Tek-Tips Forums the best source of peer-reviewed technical information on the Internet!
-
Congratulations strongm on being selected by the Tek-Tips community for having the most helpful posts in the forums last week. Way to Go!
Currency Manager
- Thread starter rustylee
- Start date
Rusty,
Under system manager, maintain, system utilities, there is a currency reset which will reset all the open POs to the home currency as defined in CM setup. I think this is what you want.
Software Sales, Training and Support for Macola, Crystal Reports and Goldmine
dgilsdorf@mchsi.com
Under system manager, maintain, system utilities, there is a currency reset which will reset all the open POs to the home currency as defined in CM setup. I think this is what you want.
Software Sales, Training and Support for Macola, Crystal Reports and Goldmine
dgilsdorf@mchsi.com
- Thread starter
- #3
Thanks Don. Let me ask this way. Currency reset seems to just fill in a field that was previoulsly blank and hidden from the user with the home currency code.
Suppose I have a PO entered pre-currency manager, issued to an overseas vendor. The line item on the PO is US Dollars. I need the purchase price to change from US to foreign currency.
This has to have been addressed in some way. If it means reentering the line items for POs, so be it. I just want to make sure there is no built-in process that would change the purchase price for already-existing orders for an item using the vendor's denomination.
Suppose I have a PO entered pre-currency manager, issued to an overseas vendor. The line item on the PO is US Dollars. I need the purchase price to change from US to foreign currency.
This has to have been addressed in some way. If it means reentering the line items for POs, so be it. I just want to make sure there is no built-in process that would change the purchase price for already-existing orders for an item using the vendor's denomination.
- Thread starter
- #4
We are on the threshold of turning on CM, however, something interesting happens when testing.
-Currency reset was run.
-All open items for a vendor that will use a currency code are deleted and purged.
-The currency code the vendor will be using is created.
-The exchange rate for the code is entered
-The new code is entered in the Vendor record.
Before the new currency code was used, an AP Aging ran in just a few seconds for this single vendor. Now running report for this single vendor with currency code takes about five to ten minutes.
If I run the report for ALL vendors, the report runs quickly, but the multi currency vendor is omitted.
Thanks in advance!
-Currency reset was run.
-All open items for a vendor that will use a currency code are deleted and purged.
-The currency code the vendor will be using is created.
-The exchange rate for the code is entered
-The new code is entered in the Vendor record.
Before the new currency code was used, an AP Aging ran in just a few seconds for this single vendor. Now running report for this single vendor with currency code takes about five to ten minutes.
If I run the report for ALL vendors, the report runs quickly, but the multi currency vendor is omitted.
Thanks in advance!
- Status
Similar threads
- Locked
- Question
- Locked
- Question