epicor erp custom solutions - currency rates entry & edit for gl journals
TRANSCRIPT
ATHENS TECHNOLOGY CENTER
Epicor ERP custom solutions
Currency Rates entry & edit
for GL Journals
ATHENS TECHNOLOGY CENTER Epicor ERP custom solutions
Currency Rates entry & edit for GL Journals
Regarding GL Journal Entry in foreign currency, Epicor ERP is
using the exchange rate set to the Apply Date, without enabling
modifications. If you want to use a different than the Apply
Date rate, you should calculate the transaction Base Currency
amount off-line but again the rate used is not reported on the
GL Journal.
This Epicor ERP custom solution enables the user to both
display and to modify the Currency Rate upon each accounting
transactions in foreign currency and the system automatically
calculates the equivalent Base Currency amount.
For example we suppose that Company A functions with main
currency € (euro) and there are travel expenses in $ (dollar)
currency.
Create the Header of the Journal
and the detail line with the travel expense in $. By selecting the
currency and entering the amount in dollars, Epicor ERP
calculates the equivalent amount in the base currency, taking
into account the USD / EUR exchange rate for that date.
CURRENCY RATES
ENTRY & EDIT
FOR GL
JOURNALS
This Epicor ERP
custom solution
simulates the
Currency Rate
functionality
available to all the
Epicor ERP sub
modules (like AP,
AR, CM) within the
General Ledger
module (GL Journal
Entry). So, if you
want to use a
different rate than
the one set in Apply
Date, you don’t
have to calculate
offline the
transaction Base
Currency amount
anymore.
The solution
allows you to see
the Rate, enables
you to modify it
and get the Base
Currency
calculated
automatically.
By making an update to the USD / EUR exchange rate, Epicor ERP calculates the equivalent
amount in the base currency for the travel expense, taking into account the new USD / EUR
exchange rate.
About Athens Technology Center
For more than 16 years, ATC is one of the oldest Epicor technology followers and Partners in EMEA
region, investing as-well to develop specific add-ons to address the ERP needs of vertical markets
such as Financial – Banking, Manufacturing and Media. Our solutions secure the reduced TCO and
faster ROI via enhanced implementation speed, increased flexibility for dealing with sudden
change requests and leveraging scalable service offerings. With more than 15 Certifications from
Epicor University and proven track record of successful implementations in Distribution,
Manufacturing and Financial sectors, we commit in offering quality services and best-of bread
solutions to clients at a rapid pace.