Overview
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This article explains how to create and edit your Standing Orders have fields for Vendor and Cost. You can leave them blank as they are optional but, in case you want to use the automated process, the information needs to be completed. |
for vendors with a different currency so you are always aware of the cost and price both in your company currency and in your vendor's currency. |
Entering costs in vendor's currency while adding or editing
anStanding
OrderOrders:
When a product is being added to a Standing Order for a vendor who has a different currency, the system will identify the currency and the exchange rate set up, so that the user enter the cost in the vendor currency and the price, in your company currency.
This also applies while adding products in units and mixed boxes. Costs will be entered in the foreign currency and by hovering the mouse over the currency name, the system will display the exchange rate and the unit cost, both in the vendor currency and in the company currency.
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You can easily identify which SO's are missing vendor or cost information:
If the SO has a yellow warning on the "Comments" columns, it means that the SO is missing the vendor and/or cost information for at least one line item.
If the SO has a green check mark on the "Comments" column, it means all of the fields were completed.
From the Standing Order Summary
You will visualize costs in your vendor currency (when it is different from your own company currency) from the Standing Order details screen and while using the Edit Vendor and Cost option.
How to update vendor and costs to see the foreign currency and the exchange rate?
Standing Orders created before the 15th October, 2020 won't display the vendor currency and the exchange rate. In those cases, what you can do is to reenter the cost with the current exchange rate of the vendor currency and click on Done to save the changes. Once you do that, the currency, unit cost and exchange rate will appear.
