Foreign currency on PO's

Yahoo Archive
1
I doubt it will be just that easy for Liberty Electronics to do that, Dan.
It sounds like the Swiss vendor is unwilling to accept the risk of an
unfavorable exchange rate fluctuation during the time between receiving the
PO and invoicing Liberty, even if it means giving up the potential gain from
a favorable fluctuation. My guess is that the vendor is forcing Liberty to
assume that risk. In that case, I think Troy probably just needs a new G/L
account, something like Gains/Losses on Currency Exchange, to which he can
post the cost difference.

Regards,
Scott

-----Original Message-----
From: Dan Tisone [mailto:dtisone@...]
Sent: Wednesday, February 05, 2003 1:57 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Foreign currency on PO's

You don't....do a conversion on the PO that shows the USD to Swiss Franc
conversion, but put the PO in USD. Your other alternative is to cut a
Proforma PO that is outside of the Vantage system

Dan Tisone
IS / IT Consultant
dan.tisone@...
(949) 440-3685 x148
Cel (714) 227-4173




-----Original Message-----
From: Troy Funte [mailto:tfunte@...]
Sent: Wednesday, February 05, 2003 10:55 AM
To: Vantage
Subject: [Vantage] Foreign currency on PO's


We don't have the Currency Management Module. We just cut our
first PO for a Swiss Vendor (not a Swiss bank unfortunately :-). The
vendor wants the PO in Swiss Francs. How do we do this without messing
up the cost when we receive it?

Troy Funte
Liberty Electronics




[Non-text portions of this message have been removed]
2
We don't have the Currency Management Module. We just cut our first PO for a Swiss Vendor (not a Swiss bank unfortunately :-). The vendor wants the PO in Swiss Francs. How do we do this without messing up the cost when we receive it?

Troy Funte
Liberty Electronics


[Non-text portions of this message have been removed]
3
You don't....do a conversion on the PO that shows the USD to Swiss Franc
conversion, but put the PO in USD. Your other alternative is to cut a
Proforma PO that is outside of the Vantage system

Dan Tisone
IS / IT Consultant
dan.tisone@...
(949) 440-3685 x148
Cel (714) 227-4173




-----Original Message-----
From: Troy Funte [mailto:tfunte@...]
Sent: Wednesday, February 05, 2003 10:55 AM
To: Vantage
Subject: [Vantage] Foreign currency on PO's


We don't have the Currency Management Module. We just cut our
first PO for a Swiss Vendor (not a Swiss bank unfortunately :-). The
vendor wants the PO in Swiss Francs. How do we do this without messing
up the cost when we receive it?

Troy Funte
Liberty Electronics


[Non-text portions of this message have been removed]


Useful links for the Yahoo!Groups Vantage Board are: ( Note:
You must have already linked your email address to a yahoo id to enable
access. )
(1) To access the Files Section of our Yahoo!Group for Report
Builder and Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service <http://docs.yahoo.com/info/terms/> .




[Non-text portions of this message have been removed]
4
Not for one vendor, we won't. Most vendors will allow us to use US dollars on the PO's. This one will not.

Troy Funte
Liberty Electronics



----- Original Message -----
From: Mike Lowe
To: vantage@yahoogroups.com ; vantage@yahoogroups.com
Sent: Wednesday, February 05, 2003 3:23 PM
Subject: Re:[Vantage] Foreign currency on PO's


Purchase the Currency Management Module.


[Non-text portions of this message have been removed]