We use the multi-currency module in our Singapore facility. For the most part it works ok.
We have the base currency set up as U.S. dollars so all reports, burden rates, labor rates, etc. must be entered as U.S. dollars. All reports (the aging reports are an exception) show base currency only. Flexibility to run reports and to enter costing information in the native currency would be a nice feature.
The only problems of which I'm aware are a timing issue when a receipt is entered in one period, revaluation is performed, then an invoice for the receipt is entered in the next period. It will leave a balance in the Received but not Invoiced account. Causes them fits in Asia as they try to reconcile the account.
Also, the inability to run financial statements in the 'native' currency for the auditors in Singapore forces them to download the financial statements to Excel then manipulate the data there. It seems like it would be simple enough to add an option to the financial reports program to be able to print in a different currency. But, I think that the main problem is that unlike the subledgers, the GL tables only store financial data in the base currency.
Mike
-----Original Message-----
From: Ron Newell [mailto:rnewell@...]
Sent: Thursday, March 25, 2004 7:46 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Vantage
Would anyone using the currency module care to comment on how well it works
and if you would recommend its use. We are finding ourselves doing more
multi currency transactions and are hoping this will help. We are on Version
5.10.135.
Regards,
Ron Newell
IT Manager
Pattison Sign Group
165 Waterloo Ave.
Penticton, BC V2A 7J3
Phone: 250-492-4522 EX:101
Fax: 250-492-3462
http://www.pattisonsign.com < http://www.pattisonsign.com/>
mailto:rnewell@...
This information sent is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any storage devices.
www.pattisonsign.com
Penticton Office.
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We have the base currency set up as U.S. dollars so all reports, burden rates, labor rates, etc. must be entered as U.S. dollars. All reports (the aging reports are an exception) show base currency only. Flexibility to run reports and to enter costing information in the native currency would be a nice feature.
The only problems of which I'm aware are a timing issue when a receipt is entered in one period, revaluation is performed, then an invoice for the receipt is entered in the next period. It will leave a balance in the Received but not Invoiced account. Causes them fits in Asia as they try to reconcile the account.
Also, the inability to run financial statements in the 'native' currency for the auditors in Singapore forces them to download the financial statements to Excel then manipulate the data there. It seems like it would be simple enough to add an option to the financial reports program to be able to print in a different currency. But, I think that the main problem is that unlike the subledgers, the GL tables only store financial data in the base currency.
Mike
-----Original Message-----
From: Ron Newell [mailto:rnewell@...]
Sent: Thursday, March 25, 2004 7:46 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Vantage
Would anyone using the currency module care to comment on how well it works
and if you would recommend its use. We are finding ourselves doing more
multi currency transactions and are hoping this will help. We are on Version
5.10.135.
Regards,
Ron Newell
IT Manager
Pattison Sign Group
165 Waterloo Ave.
Penticton, BC V2A 7J3
Phone: 250-492-4522 EX:101
Fax: 250-492-3462
http://www.pattisonsign.com < http://www.pattisonsign.com/>
mailto:rnewell@...
This information sent is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any storage devices.
www.pattisonsign.com
Penticton Office.
[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
Yahoo! Groups Sponsor
ADVERTISEMENT
<http://rd.yahoo.com/SIG=12celff0b/M=268585.4521611.5694062.1261774/D=egroupweb/S=1705007183:HM/EXP=1080316001/A=1950447/R=0/SIG=1245hvqf1/*http://ashnin.com/clk/muryutaitakenattogyo?YH=4521611&yhad=1950447> click here
<http://us.adserver.yahoo.com/l?M=268585.4521611.5694062.1261774/D=egroupweb/S=:HM/A=1950447/rand=901073834>
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