Related topics
The entries in this program are used in numerous places in the system, such as when entering transactions and in the Business partner file, to indicate a primary currency and currency specifications for each customer and supplier. The currency codes are also used in the Exchange rate table, where rates on different levels and for different time periods are entered.
Selection according to currency can be made on many listings, such as the statements of account, transaction, balance and analysis lists.
Options
| VAT rounding rule/Display VAT rounding rules | Select this option to either maintain or view the VAT rounding rules set up for this currency. |
| Exchange rates/Display exchange rates | Select this option to either maintain or view the exchange rates. |
Selection fields
- Currency
- This column lists the existing currency codes.
Work with currencies (GDMD10104)
On this panel you enter, maintain or view currency details. Click OK to access a panel containing price information used in DC1 Distribution.
These entries are used in numerous places in the system, such as when entering transactions and in the Business partner file, to indicate a primary currency and currency specifications for each customer and supplier. The currency codes are also used in the Exchange rate table, where rates on different levels and for different time periods are entered.
Selection according to currency can be made on many listings, such as the statements of account, transaction, balance and analysis lists.
Function keys
- Currency
-
A suggestion is to use the banks’ international currency denominations, for example SEK for Swedish Crowns.
- Description
- No of dec amount
- Enter the maximum number of decimals that should be used at amount input for this currency. Permitted values are 0 – 3.
For SEK (Swedish Crowns) you could enter 1, since 0,5 Crown is the smallest coin in Sweden. If amounts in SEK are not entered according to coin value, you would instead enter 2.
Note: Differences may appear between DC1 Distribution and DC1 Financials in the stock valuation if the Currency table is set up with different number of decimals for amount (entered here) and cost (entered in the No of dec cost price field on the next panel) respectively.
- No of dec to display
- Enter the number of decimals that should be used at amount output for this currency. permitted values are 0 – 3, but it must not be less than the input value. For SEK according to the example above, you would enter 2, since all amounts are always displayed with two decimals, even if the second one is zero.
- Hidden disc %
- Enter the percentage for hidden discount in this currency. Hidden discount is the allowed difference between settled amount and paid amount. The percentage is used in combination with the hidden discount amount. The system chooses the smallest amount of the two as allowable hidden discount. Hidden discount rules usually apply only if the payment amount is smaller than the amount to settle, but if an invoice is settled directly, the payment amount may also be greater than the amount to settle.
- Hidden disc amount
- Enter the maximum amount for hidden discount in this currency, using up to the number of decimals allowed for input. Hidden discount is the allowed difference between settled amount and paid amount. The amount is used in combination with the hidden discount percentage. The system chooses the smallest amount of the two as allowable hidden discount. Hidden discount rules usually apply only if the payment amount is smaller than the amount to settle, but if an invoice is settled directly, the payment amount may also be greater than the amount to settle.
Hidden discount is 2 % or 10 SEK. There are two payments, one of 100 SEK and one of 100 000 SEK. For the first payment the hidden discount will be 2 SEK, since 2 SEK are less than 10 SEK. For the second payment the hidden discount will be 10 SEK, since 10 SEK are less than 2 000 SEK.
- Min interest line
- Enter the minimum interest amount in this currency to issue for a specific document included on an interest invoice. This information is used in the A/R when creating interest invoice proposals.
- Min interest total
- Enter the minimum interest amount in this currency for an entire interest invoice, meaning the total interest for one debtor’s late documents. This information is used in the A/R when creating interest invoice proposals.
- Min reminder amount
- Enter the minimum total remaining amount for one debtor’s late documents for which a reminder can be issued. This information is used in the A/R when creating reminder proposals.
- Adjust inv amount
- Enter the adjustment value that an invoice amount in this currency should be adjusted to. If invoices in e.g. SEK always are to be adjusted to whole Crowns, you enter 1,0. This field is also used for A/R interest invoicing.
- Fixed exchange rate
- Set this field to YES if this currency has a fixed rate towards the base currency.
If this field is set to YES, you are only allowed to enter a fixed exchange rate for this currency in the Exchange rate table. This means that the field is used for defining if the currency has a fixed exchange rate towards the base currency. The system currency and currencies part of the EMU (during the transition period) must be defined with this field set to YES. Reporting currency may be defined with this field set to YES.
Note: If you change the parameters regarding fixed exchange rates here, then you must re-start the jobs that are using information from this program.
- Currency text
- Enter the currency name to be printed on checks.
- ISO currency code
- Enter the ISO currency code.
- BLWI currency code
- Enter the BLWI code for this currency. This field is used if payments are sent to the bank with tapes, diskettes or communication. The translation from DC1 currency code of the supplier to BLWI currency code will be done during payment proposal processing.
- BLWI column type
- Enter the type of column where the amounts found for this currency must be printed on the BLWI list.
BLWI column type Description 1 System currency 2 Commonly used currencies (here amounts will not be summarized during the printout of the BLWI listing) 3 Other currencies (here amounts will be summarized during the printout of the BLWI listing)
- Qualification code
- Enter the qualification code to qualify this currency.
Work with currencies, Copy (GDMD10105)
- Currency
- Displays the currency code(s) you selected to copy.
- New currency
- Enter a code to identify the new currency you are creating.
Work with currencies, Deletion (GDMD10108)
Work with currencies (GDMD10111)
The information on this panel is used in DC1 Distribution. It concerns how different prices should be edited, and how and in which different ranges the price or amount adjustment should be made.
- Currency
- Displays the selected currency code and description.
- No of dec price
- Enter the maximum number of decimals that should be used at price input for this currency. Permitted values are 0 – 3.
- No of dec to display
- Enter the number of decimals that should be used at price output for this currency. Permitted values are 0 – 3, but it must not be less than the input value.
- No of dec cost price
- Enter the maximum number of decimals that should be used at cost price input for this currency. Permitted values are 0 – 4. Note: Differences may appear between DC1 Distribution and DC1 Financials in the stock valuation if the Currency table is set up with different number of decimals for amount (entered in the No of dec amount field on the previous panel) and cost (entered here) respectively.
- No of dec to display
- Enter the number of decimals that should be used at cost price output for this currency. Permitted values are 0 – 4, but it must not be less than the input value.
Price adjustment
The fields below define the ranges in which prices in this currency should be adjusted to the adjust value.
- Price to value 1 – 5
- Enter, in ascending order, the break levels for price adjustment to the values in the corresponding Adjust to field. Normally the last field should contain the maximum value (all 9’s).
- Adjust to 1 – 5
- Enter, for each price range, the adjustment value that a price in the specific price range should be adjusted to.
- Admin fee limit
- An administration fee can be created by the system as a set amount and/or amount per order value limit, or it can be entered manually at sales order entry or pick list confirmation.
To apply this fee, the Administration fee field in both the Sales order type table and the Business partner file maintenance/Customer file must be set to YES.
During order entry you have the possibility to automatically simulate a preliminary administration fee, using the actual order value. See Set up administration fees for more information about defining and applying administration fees.
Enter the order value limit indicating when an administration fee should be applied. If the invoice total is lower than the limit defined in this field, the fee will be added.
Note: If no limit is defined, the administration fee amount will be applied to every order with this currency.
- Amount
- Enter the administration fee amount that should be invoiced to this customer.
- Invoice fee limit
- An invoice fee can be created by the system as a set amount and/or amount per order value limit, or it can be entered manually at sales order entry or pick list confirmation.
To apply this fee, the Invoice fee field in both the Sales order type table and the Business partner file maintenance/Customer file must be set to YES.
During order entry you have the possibility to automatically simulate a preliminary invoice fee, using the actual order value. See Set up invoice fees for more information about defining and applying invoice fees.
Enter the order value limit indicating when an invoice fee should be applied. If the invoice total is lower than the limit defined in this field, the fee will be added.
Note: If no limit is defined, the invoice fee amount will be applied to every order with this currency.
- Amount
- Enter the invoice fee amount that should be invoiced to the customer.