Understanding Currency Conversion in General Ledger

During the creation of account ledgers, it is possible to define the currency to be used in posting the manual journal voucher (JV). However, each account category uses a currency predefined to that account category. If the defined currency of the account category be different from the file currency defined in the account ledger, the account category's currency is converted to the account ledger's file currency.

  • The AC and CS categories use the AWB Issuing Currency.

  • The CC category uses the Import Local Currency.

  • The ER category always uses the Headquarters Currency regardless of the file currency defined in the account ledger.

  • The AF category always uses the Home Currency regardless of the file currency defined in the account ledger.

  • The non-SIS IC and IM categories use the Prorate Invoice Billing Currency.

  • The SIS IC and IM categories use the Prorate Invoice Listing Currency.

  • The non-SIS OM category uses the Prorate Invoice Billing Currency.

  • The SIS OM category uses the Prorate Invoice Listing Currency.

  • The BL category uses Headquarters Currency.

During currency conversion, the conversion date that will be applied depends on the Account Categories of the Manual JV.

For AC and CS
  1. The Invoice Date of the committed accounting run will be used as the conversion date.
For CC and CF
  1. The Arrival Date will be used as the conversion date.
  2. If not available, the Import Account Date will be used instead.

For AF

  1. There will be no conversion necessary.
For IC and IM
  1. The 1st Day of Prorate Invoice Clearing Month will be used as the conversion date.
  2. If not available, the 1st day of the Posting Clearing Month will be used instead.
For OM
  1. The 1st Day of the Rejection Clearing Month will be used as the conversion date.
  2. If not available, the 1st day of the Posting Clearing Month will be used instead.

For BL

  1. The Current Date will used as the conversion date.