Foreign Exchange Foreign Exchange Maintenance Form. Jiwa incorporates the ability to handle foreign exchange currency for purchase orders, receiving goods, raising purchase invoices, landed cost transactions and all creditor sourced transactions, including cheque payments.
Foreign exchange entries are EXCLUDED from;
The function is not yet available in any other module.
To initialise the Foreign Exchange the following system settings must be set;
Foreign exchange rates and descriptions are set up
and maintained in System Foreign Exchange Foreign Exchange Maintenance Form.
Once the rates have been created link the relevant currency rate to the creditor in the Creditors Maintenance Financial Tab by clicking on the drop down list of the Currency field and selecting the required rate.
The Financials Tab records and displays balance details in the applicable Foreign and local currency.
All realised gains / loss are recorded and displayed in Creditors Allocations . Refer to Creditor Allocations.
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