Pretty major thing. Not quite as simple as it looks on the surface. The major concept that throws a wrench into the works is the varying conversion rates. Pretty simple to flip-flop transactions at the current exchange rate. It gets real sticky at the G/L level where for any given transaction you would have gains or losses due to currency fluctuations. Your $1000 booked invoice only nets you the equivalent of $950 when paid. The other little pain is showing old transactions. What rate do you use? It gets to be quite interesting.
My 2 cents (or 1.8 depending on today's exchange rate). Mike Randall -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Peter Gonzalez Sent: Thursday, February 12, 2004 2:57 PM To: U2 Users Discussion List Subject: multi-currency Hello, I we have been given the task of redesigning our existing software to handle multiple currencies. This means that at any time on the screen you could switch from USD to EUR, or USD to SGD (Singapore dollar) and back again. i was thinking of using FUNCTION. then depending on the customer's currency code redisplay the amount. obviously i need to read some control file that contains the conversion factor for that particular day. btw: i have decided that is better to write amounts in USD, since our accounting will be done is USA. does anybody have any suggestions, opinions??? any feed back will be appreciated. At 01:18 PM 2/12/04 -0600, you wrote: >Could anyone let me know where can I found information about the way the >Hash Algorithm Works with each one of the File Types in UniVerse? > >Thanks in advance > >ABDP > >José Luis Gutiérrez de la Peza >Director General > >Asesores en Bases de Datos Profesionales, S.A. de C.V. >Tel. (52) 55-59-12-44 y/o (52) 55-75-21-29 >Móvil (044) 55 52-48-33-87 >www.abdp.com.mx > > > >-- >u2-users mailing list >[EMAIL PROTECTED] >http://www.oliver.com/mailman/listinfo/u2-users Thank you, Peter Gonzalez Senior Programmer -- u2-users mailing list [EMAIL PROTECTED] http://www.oliver.com/mailman/listinfo/u2-users -- u2-users mailing list [EMAIL PROTECTED] http://www.oliver.com/mailman/listinfo/u2-users
