View the processing rules in the Multi-Currency and Purchase Order section.

• The purchase order must use the vendor's currency.

• All open commitments will be translated into the reporting currency using the current exchange rate. A purchase order written in a vendor currency is a written authorization to purchase goods and services in that currency. Between the moment the PO is created and when received, its value translated into the reporting currency "floats" until it is locked in with a posted vendor invoice.

  Tip: Use the 'Currency' column to sort the Purchase Orders listbox. To group purchase orders with the same currency together, sort the Purchase Orders listbox by currency code. Remember that you can also drag the column over to the left so that it is easier to view. The 'Currency code' is not part of the Advanced Selections, but it is a column in the Search window. Sort the list by currency code as desired within the window.

Purchase Order Entry

The vendor will determine the currency used on the purchase order. The vendor currency code will display in Financials section as well as on the Vendor Info Bar.

Important: The items standard cost will default into the detail line using the reporting currency. This means that the user will have to change the value into the vendor's currency in order to record the agreed upon purchase cost of the item.Import Purchase Orders.

When Multi-Currency module is present, the Import Purchase Orders option will store the vendor's override currency in the Purchase Order Header Table as if it was added in the entry screen.