AR Data Entry - Use of Currency

The system handles multiple currencies including the conversions between the Euro and participating and non-participating currencies. The conversion process performed via the Euro is known as triangulation. Currencies are defined as participating and non-participating using the EMU Indicator on the Currency screen MAGB.

Currencies relating to the Euro have fixed exchange rates. Since January 1, 1999, relationships no longer exist between participating and non-participating currencies. Only the base currency value and equivalent foreign currency value are shown because of a shortage of screen space. Use the action Go Currency, which transfers you to the Currency Calculation Enquiry screen MAGU for more details when using foreign currency and the document currency is not the base currency. See the Business Controls Manual for full details on currency conversions.

AR is very flexible in how you can enter currency details. Controls exist at company level to determine the allowable entries. These include:

Entering both the transaction currency and the equivalent base currency and will calculate a rate between the two
Entering Base only and allowing Foreign to be calculated based on an entered exchange rate
Entering Foreign only and allowing Base to be calculated based on an entered exchange rate

NOTE The menu path shown is the default for the system. Your company may have customised menu options, so the path shown may not be accurate. Please contact your system administrator for details.