Define currency Exchange rate

By | November 18, 2014

Sage 300 ERP allows you to define the currency exchange rates in currency rates screen, which we can use for multicurrency transaction.  Through this feature, user need not enter exchange rate at transaction level. System will automatically pick the exchange rate based on the rate given in currency rates table for particular date.

Let’s discuss that how we can define exchange rates in currency rates screen and how to use it.

New Stuff: Item Sales Information Report in Sage 300 ERP

To start with navigate through the below path

Sage 300 ERP àCommon services à  Currency Rates

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As we can see in above screen shot, where we have defined USD to INR exchange rate for daily spot rate.

Let’s see how system will automatically pick the USD to INR exchange at transaction level.

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As we can see in the above Purchase order screen shot, where we have entered PO date as “15-11-2014” and selected vendor “A0019” (USD currency vendor).

So based on the PO date system has automatically picked Exchange rate as “61.73” for currency USD in rates tab.

Sage 300 ERP makes it easy for you to automatically select exchange rates at transaction level for different currency and it provides control on multicurrency transaction without manual intervention of currency exchange rate.

About Us
Greytrix a globally recognized Premier Sage Gold Development Partner is a one stop solution provider for Sage ERP and Sage CRM needs. Being recognized and rewarded for multi-man years of experience, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third party add-on development and implementation expertise.

Greytrix offers unique GUMU™ integrated solutions of Sage 300 with Sage CRM, Salesforce.com and Magento eCommerce along with Sage 300 Migration from Sage 50 US, Sage 50 CA, Sage PRO, QuickBooks, Sage Business Vision and Sage Business Works. We also offer best-in-class Sage 300 customization and development services and integration service for applications such as POS | WMS | Payroll | Shipping System | Business Intelligence | eCommerce for Sage 300 ERP and in Sage 300c development services we offer services such as upgrades of older codes and screens to new web screens, newer integrations using sdata and web services  to Sage business partners, end users and Sage PSG worldwide. Greytrix offers over 20+ Sage 300 productivity enhancing utilities that we can help you with such as GreyMatrixDocument AttachmentDocument NumberingAuto-Bank ReconciliationPurchase Approval SystemThree way PO matchingBill of Lading and VAT for Middle East.

For more details on Sage 300 and 300c Services, please contact us at accpac@greytrix.com. We will be glad to assist you.

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