| Reporting set of books [message #282298] |
Wed, 21 November 2007 07:00  |
Abeer30
Messages: 110
Registered: March 2007
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Senior Member |
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hello,
We are intending to reimplement our business suite.The requirements are :
create a new chart of account
create a primary new set of books with USD as the currency
create new reporting set of books with the local currency as the currency.
Can we be sure that the local currency can be used in purchasing prices, invoices and paying the suppliers?
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| Re: Reporting set of books [message #282995 is a reply to message #282298] |
Sun, 25 November 2007 22:06  |
sanjana.1977
Messages: 2
Registered: November 2007
Location: Consultant
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Junior Member |
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Hi,
Let me be more clear:
Question: Can we raise invoice and make payment in reporting SOB Currency
Answer: Yes, we can do. That depends upon the set-up of your Bank A/c you define and the payble option (enableing use multiple currency option.
Note: The invoice can be paid on invoice currency only.(If ur functional currency is USD. If raise a invoice in AUD you pay it through AUS only not through USD)
Rety back any queries on the above
Thanks
Sanjana.
[Updated on: Sun, 25 November 2007 22:07] Report message to a moderator |
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| Re: Reporting set of books [message #283028 is a reply to message #282995] |
Sun, 25 November 2007 23:58 |
Abeer30
Messages: 110
Registered: March 2007
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Senior Member |
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hello,
thank you for your answer.
I have another inquiry please. We are a single org imp;lementation . inorder to create a new primary set of books with the relevant reporting set of books, do we need to convert to a multiorg?
What is the required action plan?
Thank you...
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