Multi-currency provides the ability to input a sales or purchase order in your customer's or vendor's currency. The foreign currency amount prints on the sales acknowledgement, invoice, and purchase order, giving customers and vendors the information they need. Costs and prices within MAX, however, are captured and reported in your domestic currency. Purchase and sales orders are input in the currency negotiated.
- Foreign currency amount prints on the sales acknowledgement, invoice, and purchase order.
- Pop-up window shows domestic currency amount and exchange rate.
- Discounts, taxes, freight and miscellaneous charges may be input in foreign currency.
- Report losses and gains due to the difference between the invoice/voucher exchange rate and the prevailing rate.
- The exchange rate can be set to remain fixed from the time of entry or to update with the prevailing rate at the time of invoicing or vouchering.
- The foreign currency amount stays static through time, keeping commitments with customers and vendors accurate.
- Losses and gains due to changes in the prevailing rate can be estimated as invoices are cut for sales orders and as purchase orders are paid.