Enter Invoice Information Per Currency

Explanation

Use this activity to enter and view information about currency codes, rounding factors for customer invoices, and invoice fee charges. This optional task is 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 not 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 base currency on the invoice, the country code in the customer's delivery address on the invoice must be the same as the country code in the invoicing company's document address.

System Effects

As a result of this activity:

• Invoice fees can be charged.
• Rounding of customer invoices can be executed for the specified currencies.
• If an invoice fee is to be charged, the invoice fee will be charged if the invoice amount  is not below the stated 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 both in customer's currency and in euros. 
• If you selected the Print Tax in Base Currency check box, invoice amounts in the company's base currency will be printed 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 apply to the customer's currency for customer 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 Base Currency field to specify the circumstances under which the tax amount should be printed on the invoice in base currency.
9. Save the changes.