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Statements Printing in Local Currency

Posted on Jul 24, 2009 at 03:30 PM 17 Views

Hi Experts,

My customer has set up some Business Partners as 'All Currency'.

When printing the statements, they always appear in GBP even if all the transactions on the account are in another currency (ie USD).

Is this normal system behavior?

Thanks

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    author's profile photo Former Member
    Former Member
    Posted on Jul 24, 2009 at 03:36 PM
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    It is normal system behavior. When you set up Business Partners as 'All Currency', all transactions will be automatically converted and calculated in local currency.

    Thanks,

    Gordon

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  • author's profile photo Jesper Magnusson
    Jesper Magnusson
    Posted on Jul 24, 2009 at 04:20 PM
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    Hi Greig,

    Indeed normal behaviour.

    An All currency BP is a local currency BP that can handle other currencies. Still, all balances will be held in Local Currency.

    If you chose to run the report for US dollars you will see that it is the LC value recalculated according to the Exchange rate on the report date and not the USD value on the document.

    If a partner only deals in USD it is advisable to define it as a sinle Foreign Currency BP.

    Hope it helps.

    Jesper

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    • Former Member
      Aug 12, 2009 at 09:03 AM

      We have this same problem. Having set a BP to all currencies and then invoiced you cannot change them to a single currency. Terminating and recreating is messy and loses history. Has anyone created their own report to get round this? I'm afraid it's a bit beyond my abilities!

      Edited by: Ralph Wilkin on Aug 12, 2009 11:03 AM

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