Sage 100 Purchase Order Multi-Currency
POMC is flexible and easy to use for companies that operate in multiple currencies and need greater flexibility for their purchase order operations.
How does Purchase Order Multi-Currency (POMC) work?
POMC is invaluable for companies that perform Purchase Order Processing involving international or foreign Vendors. Purchase Order Processing has been modified to allow Order, Receipt of Goods, and Receipt of Invoice Entry, Inquiries, and Report Printing in any currency. It must be used with Accounts Payable and General Ledger Multi-Currency modules.
Features
- Ship To Country Field: A new field has been added to the Ship To Address to store a country name and it may be printed in all forms that include the Ship To Address.
- Vendor Price Levels by Vendor by Currency: Set up Vendor Price Levels in any currency using the Foreign Cost setup.
- Automatic Reorder and Auto Orders by Vendor's Currency: Generate Automatic Reorder and Auto Order Purchase Orders only for Vendors with a specific Default Entry Currency.
- Set Default Currency: Specify if you want to generate the Purchase Orders in the Vendor's Default Entry Currency or in System Currency.
- Use Foreign or System Costs and Breaks: Generate the Entry Currency Purchase Orders using the Foreign Costs and Breaks set up for the Vendors and Items selected or you may select to convert the System Costs and Breaks to the Purchase Order Entry Currency.
- Enter Transactions in Any Currency: You may enter Purchase Orders, Receipt of Goods, Receipt of Invoice and Return of Goods in the Vendor's default Entry Currency, or you may change the Entry Currency to any other established Currency.
- Enter Transactions using Any Exchange Rate: Use the Exchange Rate as of the transaction date or you may override the Exchange Rate.
- Registers in System and Entry Currency: For audit purposes, the Multi-Currency system prints Purchase Order Registers and Journals in both the Entry Currencies and the System Currency using the appropriate Exchange Rates.
- Receipt History Display in System or Entry Currency: Receipt History amounts are displayed in System Currency. They may also be displayed in Entry Currency using the Currency Color specified in Currency Code Maintenance in General Ledger.
- 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.