Set price at current rate

You can have your prices in your base currency converted into a foreign currency. As default in invoicing, prices in the base currency are converted to the foreign currency against the specified exchange rate. You can specify that you want to calculate prices using the current rate.

Purchase price: For receipt lines in foreign currencies, the price per unit in the basic currency is always used. When the goods receipt is entered, the price per unit in the foreign currency is immediately converted to the basic currency. This is done using the exchange rate that is valid on the date of the goods receipt. The exchange rate used when entering receipts depends on the Use current rates setting. If the check box for this setting has been selected, then the current rate for that date is used (currency properties, Current rates tab). If the check box for this setting has not been selected, then the 'normal' exchange rate is used (currency properties, General tab).

To calculate a price in a foreign currency against the current rate:

1. Go to: Order Management / Management / Settings.
2. Go to the tab: Order Management.

   

3. Select the Get exchange rate when copying to packing slip/goods receipt check box. If you do this then when copying an order to a packing slip or a goods receipt, the price is not copied from the order. Instead it is recalculated using the exchange rate from the exchange rate table.
4. Select the Use current rates check box if you want to use the current rates when entering quotations, orders, invoices etc.

   This field only applies if you work with Currency. If you do not select this check box then, when invoicing, the prices in the base currency are converted at the specified exchange rate for the foreign currency.

5. Click on: OK.
6. De omgeving opent automatisch opnieuw, met de nieuwe instellingen.