Billing in Foreign Currencies
This topic provides an overview of the foreign currency functionality in Costpoint.
It discusses:
- Specific billing capabilities
- Setup of a foreign currency invoice
- Processing and printing of foreign currency invoices
- Working with accounts receivable and cash receipts for invoices that were issued in a foreign currency
See the following topics for examples of the issues encountered when working with foreign currency invoices.
- Related Topics:
- Multicurrency in Costpoint
Multicurrency features are available in the Costpoint General Ledger, Accounts Receivable, Accounts Payable, Purchasing, Billing, Inter-company Work Orders, Consolidations, Sales Order Entry, and Cash Management modules. - Currency Types
If you plan to use the multicurrency features of Costpoint, you must first establish a functional currency on the Configure General Ledger Settings screen. This is a system-wide selection. - Currency Codes and Exchange Rates
As the first step in Multicurrency processing, you must establish and format your currency codes in Costpoint Multicurrency. - Realized and Unrealized Gains and Losses
Costpoint calculates realized gains and losses when cash is received for the invoice or when the voucher is paid. - Billing Capabilities
Multicurrency invoices can be calculated, printed, and posted for standard bills, customer product bills, project product bills, and milestone bills. - Cash Receipts
Once you receive the cash for an invoice, you must record it on the Manage Cash Receipts screen.
Parent Topic: Billing Related Topics