Entering a Return - Currency Card
- Currency
- Paste Special
Currency register, System module
- The Currency of the Return.
- Exchange Rates
- Default taken from
Base Currency Rates setting and/or Exchange Rate register, System module
- The current exchange rate will be entered by HansaWorld Enterprise.
- One of two conversion methods will be used. The Dual-Base system will be useful for companies that have offices in two countries that need to report in both Currencies, for companies operating in countries where there is a second Currency (usually the US Dollar or Euro) in common use in addition to the national one, and for companies in the Euro zone who retain their old national Currency for comparison purposes. The second method is a simple conversion from the foreign Currency to the home Currency, applicable to the majority of worldwide Currency transactions. These are described below.
- Exchange Rates (Dual-Base System)
- If you are using the Dual-Base system, the Base Currency 1 and 2 fields on the left show in the form of a ratio the exchange rate between the two base Currencies (taken from the latest record in the Base Currency Rates setting).
- Note that European Monetary Union (EMU) regulations specify that the ratios must always show how many units of the home or foreign Currency can be bought with one Euro.
- Exchange Rates (Simple Currency Conversion System)
- In the case of a simple currency conversion system, the Rate and right-hand Base Currency 1 fields are used to show a simple exchange rate between the foreign and home Currencies.
- Objects
- Paste Special
Object register, Nominal Ledger/System module
- Default taken from Order, 'Date' card
- You can assign up to 20 Objects, separated by commas, to this Return and all transactions generated from it. You might define separate Objects to represent different departments, cost centres or product types. This provides a flexible method of analysis that can be used in Nominal Ledger reports.
- By default, the Objects entered here are taken from the Order from which the Return was issued, but you can change them if necessary. Usually these Objects will represent the Customer and the Salesman.
- In any Nominal Ledger Transactions generated from this Return, any Objects specified here will be assigned to the credit posting to the Cost of Sales or Returned Goods Account.
- Reason
- Specify the reason for the Return. You can modify this field after the Return has been approved.
