Customer/Supplier Account Currency Normaliser

Document path Reference Contents > Advanced Special Functions > Customer/Supplier Account Currency Normaliser

The purpose of the feature is to normalise a default foreign currency Customer or Supplier A/R or A/P account that contains local currency transactions into ONLY transactions in the default foreign currency.

The value of this feature is that where mixed currency transactions exist, account statements can show conversion variances from the local currency transactions that have to be converted at the current rate for the currency.

The solution to this problem is to retrospectively convert old local currency transactions into the default foreign currency.

First select the account. The message below will report the state of the account. If there are local currency transactions that can be converted, the button at the bottom will be available to effect the normalisation.

Warning WARNING: Retrospective conversion can lead to errors in the retrospective period Control Analysis for the Ledger. These should be ignored.

Field

Description

Customer

Choose this option for an Accounts Receivable customer account.

Supplier

Choose this option for an Accounts Payable supplier account.

Code

Enter the Customer or Supplier account code.

Name

The account company name.

Default currency

The customer or supplier's default currency.

Currency and rate

The name and currency rate of the currency.

Current account balance

The currency account balance in the default currency.

Message

An analysis of the accounts transactions and, if appropriate, the consequences of normalisation.

Button

Action

Adjust Account to Default Currency Transactions

Click to reset all transactions to the default currency in the account.

Compiled in Program Version 3.10. Help data last modified 17 DEC 2003 10:54. Class wAcCurNorm last modified 21 MAY 2008 13:31:23.

Document path Reference Contents > Advanced Special Functions > Customer/Supplier Account Currency Normaliser