Sage 100 Accounts Payable Multi-Currency
APMC gives Sage 100 users the ability to enter invoices, create checks, and print reports in any currency using any exchange rate.
The Multi-Currency Accounts Payable Enhancement provides the Sage 100 user with the ability to enter Invoices, create Payments, and print Reports in any Currency using any Exchange rate. This Enhancement is essential for any Company making purchases from Vendors in more than one Country since payment of an Invoice is usually required in the Vendor’s Currency.
Vendor Maintenance View
The Statistics, Summary, and History panels display the amounts in both Base Currency and the Vendor’s Historical Currency. A Drop Box has been added to allow a display toggle between these two.
Printing Standard Reports
When printing any Accounts Payable Reports, you may define the Currency options to use. A Currency Button is in the Report Panel, and when selected, the following screen will be displayed. (This screen will vary depending on the report being printed and the options entered)
Features
- Bank Accounts in Foreign Currencies: You may define the Currency for each Bank Account.
- Gain/Loss Account: Define a Gain or Loss G/L Account by Division of cash receipts for invoices entered with a different Exchange Rate
- Round-off Error Account: Define a Round-off Error Account by Division to use when posting round-off error amounts generated during currency conversion.
- Country Field: A new field has been added to the Vendor Masterfile to store a country name and it may be printed in all forms that include the Vendor’s address.
- Default Entry Currency by Vendor: Define a default Entry Currency by Vendor to be used when entering transactions for that vendor.
- Activity Units by Vendor: The Vendor’s activity history such as Period to Date Purchases, etc., will be displayed in this currency.
- Transaction Display Color by Currency: Open Invoice and Order Detail transactions are viewed in the Currency Display Color specified in General Ledger.
- Invoice Entry in Any Currency: Enter vendor invoices in the Vendor’s default Entry Currency, or you may change the Entry Currency to any other established currency.
- Invoice Entry using Any Exchange Rate: You may use the current Exchange Rate for the Entry Currency being used or you may override the Exchange Rate.
- Registers / Journals in Base and Transaction Currency: For audit purposes, the Multi-Currency system prints Accounts Receivable Registers in both the Entry Currencies and the Base Currency using the appropriate Exchange Rates.
- Pay Vendors in Any Currency: You may pay Vendor invoices in any Currency from any Bank Account.
- Pay Vendors using Any Exchange Rate: You may pay Vendor invoices using the current Exchange Rate for the Payment Currency or you may override the Exchange Rate.
- Bank and Vendor Exchange Rate Contracts: You may pay Vendor invoices using a specific Bank or Vendor Exchange Rate previously agreed upon. This may be done Automatically for all Invoices selected for payment or Manually by check entry.
- Invoice Payment Selection by Currency: You may select invoices to be paid by Entry Currency.
- Currency Symbol in Check Printing Amount: Check printing uses the three-character Currency Symbol specified for the Payment Currency, and may be displayed to the right or to the left of the check amount.
- Checks Posted to B/R in Bank Currency: Transactions posted from the Check Registers to Bank Reconciliation are posted in the Bank Currency for reconciliation purposes.
- Unrealized Gain or Loss Report: Unrealized Gain or Loss Report as of any date for any Entry Currency of Open Vendor Invoices.
- Print Reports in Any Currency: Print any report using As Posted or Current Amounts, in a Buy, Sell, or Override Rate.
- Print Report Amounts Switching Commas and Decimal Point: Amounts in any Report switch commas and decimal point when printing as specified in the Printing Currency in Currency Code Maintenance in General Ledger.
- Postings to Time & Billing in System Currency: Amounts posted to Time & Billing from Invoices entered through Invoice Data Entry and Manual Check Entry are converted to System Currency.
- Postings to Job Cost in System Currency: Amounts posted to Job Cost from Invoices entered through Invoice Data Entry and Manual Check Entry are converted to System Currency.