Enter Invoice Information Per Currency
Explanation
This activity is used to enter and view information about currency codes
and rounding factors for customer invoices and outgoing supplier invoices. It
is also possible to enter invoice fee charges for customer invoices.
This is an optional task 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 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 page.
- To print the tax in the alternative currency on the invoice, the country
code in the invoice recipient's (customer/supplier)
delivery address on the invoice should be the same as the country code in
the invoicing company's document address
- To select parallel currency as the alternative tax currency, company
should use Parallel Currency functionality.
System Effects
As a result of this activity:
- Invoice fees can be charged for customer invoices.
- Rounding of outgoing invoices can be executed for the specified currencies.
- If an invoice fee is to be charged, it will be charged if the invoice
amount is below the defined threshold amount.
- The invoice is rounded according to the selected rounding factor.
- If you enabled the Print Euro Equivalents on Invoice option,
the total invoice amounts (Brutto, Netto, Tax) will be printed in the invoice
recipient's currency as well as in euros.
- If you selected All Invoice Recipients or Domestic Invoice
Recipients Only in the Print Tax in Alternative Currency field,
invoice amounts are printed in the selected alternative tax currency on
the invoice as additional information.