APMC A/P Multi-Currency

APMC Multi-Currency Accounts Payable for Sage 100 ERP  is invaluable for any company that performs Invoice Entry or Check Printing involving foreign Vendors. Accounts Payable has been modified to allow Invoice Entry, Manual Check Entry, Check Printing, Inquiries and Report Printing in any currency. A Default Entry Currency and Activity Currency can be established for each Vendor. Differences in payment amounts, caused by exchange rate fluctuations between the time that the Invoice is posted and when it is paid, are posted to a user-defined (by division) General Ledger account. Additionally, all address fields have been modified to accommodate international addresses. Bank Codes have been modified to allow the user to specify the Banks Default Currency Code.

APMC gives Sage 100 ERP  users the ability to enter invoices, create checks, and print reports in any currency using any exchange rate. This enhancement is essential for any company making purchases from vendors in more than one country, since payment of that invoice is usually required in the vendor’s currency.

  • Bank Accounts in Foreign Currencies: You may define the Currency for each Bank Account.
  • Gain/Loss Account: You may define a Gain or Loss G/L Account by Division to use when updating transactions of payments to invoices entered with a different Exchange Rate.
  • Round-off Error Account: You may define a Round-off Error Account by Division to use when posting round-off error amounts generated during currency conversion.
  • Country Field: A new field has been added to the Vendor Masterfile to store a country name for foreign vendors, and it may be printed in all forms that include the Vendor’s address.
  • Default Entry Currency by Vendor: You may define a default Entry Currency by Vendor to be used when entering transactions for that vendor.
  • Activity Units by Vendor: You may define a “history display” Currency for each Vendor. The Vendor’s activity history such as Period to Date Purchases, etc., will be displayed in this currency.
  • Transaction Display Color by Currency: Transactions are viewed in the Display Color of the Entry Currency specified in Currency Code Maintenance in General Ledger.
  • Invoice Entry in Any Currency: You may enter vendor invoices in the Vendor’s default Entry Currency, or you may change the Entry Currency to any other established currency.
  • Invoice Entry using Any Exchange Rate: You may use the current Exchange Rate for the Entry Currency being used, or you may override the Exchange Rate.
  • Registers in System and Entry Currency: For audit purposes, the Multi-Currency system prints Accounts Payable Registers in both the Entry Currencies and the System Currency using the appropriate Exchange Rates.
  • Pay Vendors in Any Currency: You may pay Vendor invoices in any Currency from any Bank Account.
  • Pay Vendors using Any Exchange Rate: You may pay Vendor invoices using the current Exchange Rate for the Payment Currency or you may override the Exchange Rate.
  • Bank and Vendor Exchange Rate Contracts: You may pay Vendor invoices using a specific Bank or Vendor Exchange Rate previously agreed upon. This may be done Automatically for all Invoices selected for payment or Manually by check entry.
  • Invoice Payment Selection by Currency: You may select invoices to be paid by Entry Currency.
  • Currency Symbol in Check Printing Amount: Check printing uses the three-character Currency Symbol specified for the Payment Currency, and may be displayed to the right or to the left of the check amount.
  • Checks Posted to B/R in Bank Currency: Transactions posted from the Check Registers to Bank Reconciliation are posted in the Bank Currency for reconciliation purposes.
  • Unrealized Gain or Loss Report: You may generate an Unrealized Gain or Loss Report as of any date for any Entry Currency of Open Vendor Invoices.
  • Print Reports in Any Currency: Print any report in System, Vendor, Entry or Other Currency, using As Posted or Current Amounts, in a Buy, Sell, or Override Rate.
  • Print Report Amounts Switching Commas and Decimal Point: Amounts in any Report switch commas and decimal point when printing as specified in the Printing Currency in Currency Code Maintenance in General Ledger.
  • Postings to Time & Billing in System Currency: Amounts posted to Time & Billing from Invoices entered through Invoice Data Entry and Manual Check Entry are converted to System Currency.
  • Postings to Job Cost in System Currency: Amounts posted to Job Cost from Invoices entered through Invoice Data Entry and Manual Check Entry are converted to System Currency