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.