Display reciprocal exchange rate

Overview

Display reciprocal exchange rate allows companies to view the exchange rates in reciprocal format.
For example, instead of showing 0.69, it displays a result of 1/0.69 relevant to the home currency set for the legal entity.
This applies to all users and all exchange rate types for the selected company.

Setup

From the Legal Entity form, you can set this option for the current selected company.

1. Navigate to Organization administration > Organizations > Legal Entity.
2. Click on Edit button and expand the General fast tab and set Display reciprocal exchange rate to Yes.

Display

The following forms will display the reciprocal exchange rate:

• General journal lines
  1. Navigate to General ledger > Journal entries > General journals
  2. Select the required Journal from the list.
  3. The exchange rate is displayed per line as part of the Journal and also under the General tab
• Vendor invoice journal lines
  1. Navigate to Accounts payable > Invoices > Tax invoice journal
  2. Select the required Journal from the list.
  3. View the exchange rate fields per line under the General tab
• Vendor payment journal lines
  1. Navigate to Accounts payable > Payments > Vendor payment journal
  2. Select the required Journal from the list.
  3. View the exchange rate fields per line under the General tab
• Purchase order totals
  1. Navigate to Accounts payable > Purchase orders > All purchase orders
  2. Click Purchase from the Action Pane and select Totals under the View tab (on the Action Pane)
  3. The Exchange rate field is located under the Purchase order totals fast tab located in Pane on the right of the screen
• Customer payment journal lines
  1. Navigate to Accounts receivable > Payments > Customer payment journal
  2. Select the required Journal from the list.
  3. View the exchange rate fields per line under the General tab
• Free text invoice totals
  1. Navigate to Accounts receivable > Invoices > All free text invoices
  2. Select Totals from the Action pane to display the Totals Pane. The exchange rate is located at the bottom including the respective currency code
• Sales order totals
  1. Navigate to Accounts receivable > orders > All sales orders
  2. Click Sales order from the Action Pane and select Totals under the View tab (on the Action Pane)
  3. The Exchange rate field is located under the Sales order totals fast tab located in Pane on the right of the screen