ATHENS TECHNOLOGY CENTER

Epicor ERP custom solutions

Currency Rates entry & edit

for GL Journals

ATHENS TECHNOLOGY CENTER Epicor ERP custom solutions

Currency Rates entry & edit for GL Journals

Regarding GL Journal Entry in foreign currency, Epicor ERP is

using the exchange rate set to the Apply Date, without enabling

modifications. If you want to use a different than the Apply

Date rate, you should calculate the transaction Base Currency

amount off-line but again the rate used is not reported on the

GL Journal.

This Epicor ERP custom solution enables the user to both

display and to modify the Currency Rate upon each accounting

transactions in foreign currency and the system automatically

calculates the equivalent Base Currency amount.

For example we suppose that Company A functions with main

currency € (euro) and there are travel expenses in $ (dollar)

currency.

Create the Header of the Journal

and the detail line with the travel expense in $. By selecting the

currency and entering the amount in dollars, Epicor ERP

calculates the equivalent amount in the base currency, taking

into account the USD / EUR exchange rate for that date.

CURRENCY RATES

ENTRY & EDIT

FOR GL

JOURNALS

This Epicor ERP

custom solution

simulates the

Currency Rate

functionality

available to all the

Epicor ERP sub

modules (like AP,

AR, CM) within the

General Ledger

module (GL Journal

Entry). So, if you

want to use a

different rate than

the one set in Apply

Date, you don’t

have to calculate

offline the

transaction Base

Currency amount

anymore.

The solution

allows you to see

the Rate, enables

you to modify it

and get the Base

Currency

calculated

automatically.

By making an update to the USD / EUR exchange rate, Epicor ERP calculates the equivalent

amount in the base currency for the travel expense, taking into account the new USD / EUR

exchange rate.

About Athens Technology Center

For more than 16 years, ATC is one of the oldest Epicor technology followers and Partners in EMEA

region, investing as-well to develop specific add-ons to address the ERP needs of vertical markets

such as Financial – Banking, Manufacturing and Media. Our solutions secure the reduced TCO and

faster ROI via enhanced implementation speed, increased flexibility for dealing with sudden

change requests and leveraging scalable service offerings. With more than 15 Certifications from

Epicor University and proven track record of successful implementations in Distribution,

Manufacturing and Financial sectors, we commit in offering quality services and best-of bread

solutions to clients at a rapid pace.