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Warning

Please keep in mind that once the vendor currency has been selected and saved it can't be changed. The only way this can change is by contacting Komet Sales Support.

Overview

After the Multicurrency option is enabled, a field with currency options is displayed in the vendor setup window so a different currency can be selected. (To know how to enable multicurrency, please click here). 

Warning

Please keep in mind that once the vendor currency has been selected and saved it can't be changed. The only way this can change is by contacting Komet Sales Support.


If a given vendor has a different currency, the system will display it while entering the AWB Cost components. Notice that you will have to enter the cost on your vendor currency and the system will automatically convert the amount to your company's currency. Once you add the cost, the system will display both the amount
Ui steps
sizesmall


Ui step

Go to Setup>>Vendors.


Ui step

 Click on Edit for a specific vendor.


Ui step

The vendor's window should look like this before you start to setting up the exchange rate: 


Ui step

 Once you enable the currency option, the vendor's window should now look like this , so you can proceed to select the vendor's currency.

 

Warning
titleImportant

The multicurrency option does not apply in the Standalone Purchasing Mode

Ui expand
titleMulticurrency Option on AWB Reconciliation



How does this option work?

Once you setup a currency and exchange rate for a vendor, costs will be entered in your vendor's currency

and

instead of your company's currency.

By hovering the mouse over your company's currency, the system will display

However, users will always be able to see the exchange rate

set up at the moment.
Warning
titleImportant

If the user makes any change make in this invoice, the system will retain the exchange rate set up at the moment the invoice was uploaded.

 

Image Removed

Ui expand
titleMulticurrency Option in Inbound Truck Reconciliation screen

If a given vendor has a different currency, the system will display this information on the Inbound Truck Reconciliation screen while entering the invoice of the Truck Freight cost. If this is the case, you will have to enter this freight in your vendor's currency. Once the information is saved, the system will calculate the amount to pay based on your company's exchange rate. By hovering the mouse over your company's currency, the system will display the exchange rate set up at the moment.

Image Removed

 

Warning
titleImportant
If the user makes any change make in this invoice, the system will retain the exchange rate set up at the moment the invoice was uploaded

and the cost in your company's currency. This applies for Standing Orders, Prebooks, Purchase Orders and for the Accounts Payable screens.




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