Enter Invoice Information Per Currency

Explanation

This activity is used to enter and view information about currency codes and rounding factors for customer invoices and outgoing supplier invoices. It is also possible to enter invoice fee charges for customer invoices.

This is an optional task to be performed by a system administrator or equivalent person.

The rounding factor affects the closest unit to which the invoice will be rounded in the currency used. If an invoice fee is to be charged, a minimum amount must be stated. If the invoice amount is below that minimum amount, the invoice fee is charged. Note: If using invoice fee, it is recommended that you verify that posting type IP6 (Invoice Fee) exists and is properly set up. 

Prerequisites

This activity has the following prerequisites:

• The currency code must be selected in the ISO Code Usage/Currency window.
• To print the tax in the alternative currency on the invoice, the country code in the invoice recipient's (customer/supplier) delivery address on the invoice should be the same as the country code in the invoicing company's document address
• To select parallel currency as the alternative tax currency, company should use Parallel Currency functionality.

System Effects

As a result of this activity:

• Invoice fees can be charged for customer invoices.
• Rounding of outgoing invoices can be executed for the specified currencies.
• If an invoice fee is to be charged, it will be charged if the invoice amount is below the defined threshold amount. 
• The invoice is rounded according to the selected rounding factor. 
• If you selected the Print Euro Equivalents on Invoice check box, the total invoice amounts (Brutto, Netto, VAT/Tax) will be printed in the invoice recipient's currency as well as in euros. 
• If you selected All Invoice Recipients or Domestic Invoice Recipients Only in the Print Tax in Alternative Currency field, invoice amounts are printed in the selected alternative tax currency on the invoice as additional information.

Window

Invoice Information per Currency

Related Window Descriptions

Invoice Information per Currency

Procedure

To perform this activity, follow these steps:

1. Open the Invoice Information per Currency window.
2. Create a new record.
3. In the Currency Code field, use the List of Values to select the currency to use.
4. In the Rounding Factor field, enter the rounding factor to be applied to the invoice recipient's currency for outgoing invoices.
5. In the Invoice Fee Amount field, enter the customer invoice fee in the applicable currency.
6. In the Invoice Fee Threshold Amount field, enter the amount below which an invoice amount can be used as a basis for an invoice fee.
7. Select the Print Euro Equivalents on Invoice check box if you want to print the total amounts in both the customer's currency and in euros on the invoice.
8. Select a value for the Print Tax in Alternative Currency field to specify the circumstances under which the tax amount should be printed on the invoice in selected alternative tax currency.
9. Select either Accounting Currency or Parallel Currency for the Alternative Tax Currency field. Accounting Currency is selected by default.
10. Save the changes.