Foreign Exchange re Order Entry/Invoicing

[rdingman]

We are on Version 5.3, DB2. Majority of sales are invoiced to US, in US dollars and then converted to Canadian dollars.

My question is when the order is invoiced, which exchange rate is used to convert to functional dollars for GL? The one assigned at the time of order, or the current spot rate as setup in Accpac. The current spot rate is the one that should be used.

 

[jayconverse]

It's supposed to use the rate per the Invoice date, not the order date. Have you found differently?

Jay Converse
IT Director
Systemlink, Inc.

 

[rdingman]

No, I was just trying to confirm the order of events.

Thanks for the info.