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    SAP Business One Exercises On Currencies

    Uploaded by

    Alou Cortez
    This document provides exercises to practice working with currencies in accounting documents for both foreign and local business partners. It includes instructions on how to set up a foreign currency vendor, issue invoices to foreign and local vendors in different currencies, and post an exchange rate difference transaction. The goal is to gain experience working with currencies, updating exchange rates, and reviewing currency calculations in invoices and journal entries.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    SAP Business One Exercises On Currencies

    Uploaded by

    Alou Cortez
    12 views2 pages
    This document provides exercises to practice working with currencies in accounting documents for both foreign and local business partners. It includes instructions on how to set up a foreign currency vendor, issue invoices to foreign and local vendors in different currencies, and post an exchange rate difference transaction. The goal is to gain experience working with currencies, updating exchange rates, and reviewing currency calculations in invoices and journal entries.

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    SAP Business One Exercises on Currencies

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    This document provides exercises to practice working with currencies in accounting documents for both foreign and local business partners. It includes instructions on how to set up a foreign currency vendor, issue invoices to foreign and local vendors in different currencies, and post an exchange rate difference transaction. The goal is to gain experience working with currencies, updating exchange rates, and reviewing currency calculations in invoices and journal entries.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    12 views2 pages

    SAP Business One Exercises On Currencies

    Uploaded by

    Alou Cortez
    This document provides exercises to practice working with currencies in accounting documents for both foreign and local business partners. It includes instructions on how to set up a foreign currency vendor, issue invoices to foreign and local vendors in different currencies, and post an exchange rate difference transaction. The goal is to gain experience working with currencies, updating exchange rates, and reviewing currency calculations in invoices and journal entries.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    Exercises

    Unit: Additional Financial Topics


    Topic: Currencies

    At the conclusion of this exercise, you will be able to:


     Work with currencies in documents for foreign and local
    business partners.
     Post an exchange rate difference transaction.
    Most of OEC Computers’ vendors are local. They also work with
    few foreign vendors.

    1-1 Work with currencies in an A/P Invoice for a foreign business partner.
    1-1-1 Review and update the setup.
    Review the Currencies - Setup window.
    Then review the Exchange Rates and Indexes window.
    Enter exchange rate values in all existing currencies for today’s date.
    1-1-2 Create a foreign currency vendor and update the price list.
    Create a foreign currency vendor. Ensure that you define an account
    currency that is different than the local currency. Write down the account
    currency_________.
    Ensure that you attach a Cash Basic payment terms to the vendor record.
    Check the pricelist defined for him in the payment terms__________.
    For one of the items in this price list, in the Additional Currency 1 Unit
    Price column, define a price in the same foreign currency.
    1-1-3 Issue an A/P invoice for the foreign currency vendor.
    Issue an A/P invoice for the foreign currency vendor you have just
    defined. In the A/P invoice, choose the same item.
    If the Exchange Rate and Indexes window appears, enter a valid currency
    rate and update the window.
    1-1-4 Review the currency data in the document.
    Review the document currency.
    Review the currency data in the Unit Price field, total row amount, and the
    total document amount
    1-1-5 Add the A/P invoice.
    Add the A/P invoice. Review the calculation in the automatic journal
    entry, and then review the vendor’s account balance in local currency,
    system currency, and the specified foreign currency

    1-2 Work with currencies in an A/P Invoice for a local business partner.
    1-2-1 Issue an A/P invoice for a local vendor.
    For the item/s in the invoice, enter the unit price in foreign currency.
    Review the currency calculation in the Unit Price field, the total row
    amount, and the total document amount.

    1-2-2 Add the A/P invoice.


    Review the calculation in the automatic journal entry.

    1-3 Post an Exchange Rate Difference transaction.


    1-3-1 Issue an A/P invoice for a foreign currency vendor.
    Issue an A/P invoice for the foreign currency vendor you have used before
    with a past posting date.
    Choose the item to which you entered a price in the foreign currency.
    If the Exchange Rate and Indexes window appears enter a valid currency
    rate that is different from the exchange rate you have entered for today
    and update the window.

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