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Currency Types allow for requisitions, purchase orders and invoices presented for payment in currencies other than the base currency to be processed and paid. It defines and triggers amounts to be changes to the base currency for vendors billing in a foreign currency. Currency Type is defined for each vendor on the Vendor tab, in the Detail Information section.
The Currency Type document includes the Edit Currency Type tab. The system automatically enters data into both the Old and New sections in this tab. Selected data fields are available for editing.
Edit Currency Type tab definition
|
Title |
Description |
|
Currency Type |
Required. The type of currency (i.e. US Dollar) |
|
Currency Country |
Required. The name of the country that uses the currency. |
|
Currency AlphaCode |
Required. The abbreviation of the Currency (i.e. USD) |
|
Currency NumericCode |
Required. This is an International Standards Organization (ISO) numeric code assigned to each currency.
|
|
Currency MinorUnit |
Required. The number of ‘sub’ units (i.e. there are two positions for cents when using USD) |
|
Active Indicator |
Indicates whether this currency type is active or inactive. Remove the check mark to deactivate. |
