Overview
The Currency tab contains information on the different currencies used on the purchase order.
Navigation
Purchase Order Header > New Purchase Order Header > Advanced section > Currency tab
Fields
Home Currency: This is the ISO Code for the Home Currency.
- It is always set to Company’s Home Currency for the Company that is associated with the Purchasing Division of the Purchase Order: PO Header Div.
NOTE The PO Header Division Company correlates to the Rootstock Company holding the Rootstock Company Home Currency value. This is not user maintained on the Purchase Order Header; it is system maintained.
Vendor Currency: This is the ISO Currency Code set from the Vendor Master.
Maintenance Currency: This is the ISO Currency Code for Maintenance Currency.
- When the vendor currency is not the same as the home currency, one or the other is chosen as the Maintenance Currency.
- When the Purchase Order Header is added, this field is initialized based upon the Vendor Master’s Maintenance Currency Indicator.
- If the Vendor Master’s Maintenance Currency Indicator is set to True, the Maintenance Currency is initialized to the Vendor’s Currency.
- If the Vendor Master’s Maintenance Currency Indicator is set to False, then the Maintenance Currency is initialized to the Home Currency.
- When the Vendor Currency is equal to the Home Currency the Maintenance Currency is automatically set to the Home Currency.
.Company Master defined on the Currency Exchange Rate Source when using Rootstock Financials. Else, the system would use Foreign Exchange Rate Schedule This value defines the current exchange rate between Home Currency and Vendor Currency (or Maintenance Currency), only if they are different. A valid exchange rate is selected from the Current Exchange Rate:
NOTE This field is only visible when creating a new PO (PO Entry) and it is hidden once PO is saved.
SEE ALSO
