Sage 300 ERP provides features to differentiate between home and foreign currency vendors and customers to ease out daily transaction load. In this blog we will see about how these multi-currency and single currency vendors differ.
Navigate to Account Payable >> AP Vendors >> Vendors
New Stuff: Adjustment types in I/C Adjustment
While creating a new vendor or updating existing vendors, we have to set Account Set in Processing tab. Refer below screenshot:
This account set is linked with the currency code in Sage 300 ERP.
Navigate to Account Payable >> AP Setup >> Account Set to set the currency code.
While making transactions, user can differentiate between currencies and can also change the rate of exchange it is multicurrency vendor.
Please note the above feature is only made available if you install and activate Multicurrency module of Sage 300 ERP.
1. Currency Details – Greytrix Extended Report Pack
2. Default Settings for Accounts Payable Payments in Sage 300 ERP
3. General Ledger (GL) Accounts Distribution in Sage 300 ERP
4. Set Document Numbering for Sage 300 ERP on the combination of Account Set and Location