EUG Finance

National Accounts

National Accounts National Accounts are used to define Customer relationships within Accounts Receivable Allow the ability to accept payments from one customer on behalf of another Customer in the relationship Allow credit checking with hierarchy against the customers in the relationship Allows for a reporting hierarchy for the customers in the relationship Can be used for Global Customers

Relationship Class Relationships can be Tiered Non Tiered Links one or more child customers to a single parent Non Tiered Links multiple child customers to one parent or one child to multiple parent customers

Shared Credit Share credit across members of the national account relationship Use Parent’s Credit Children can use credit of their Parent Share Credit Allows a customer to share credit with other customers in the National Account relationship Credit Pool New summary fields specific to Revaluation. When selected appear in summary mode as columns and in detail mode as totals

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Exchange Rates

Settings – Co Config Default Rate types – table for selling, buying Rate Locking – when source is the same as target locking options Bank Transfer – use rates, use explicit transfer amount or source amount Sub-Ledger revaluation defaults – Report, reverse or no Reverse.

Currency Master Tip – If Multi- Company ensure that the Currency Code matches in all companies to avoid issues in inter-co trading. Scale factor – removing 00’s after the dec point currencies like the peso Base, Transaction and Reporting x 3 GL control – Gain\loss realised and un-realised New summary fields specific to Revaluation. When selected appear in summary mode as columns and in detail mode as totals

Rate Types New summary fields specific to Revaluation. When selected appear in summary mode as columns and in detail mode as totals Direct - Multiplies an amount in the source currency against the exchange rate for the target currency. Inverse - Divides an amount in the source currency against the exchange rate for the target currency.

Other Rate Types Cross-Rate - Uses an intermediate, or Interim, currency to convert amounts between the source and target currencies. Depending on the direction, the conversion rule between Source to Interim and Interim to Target will either be Direct or Inverse. The Interim currency is selected as a default value for the rate type; you select this currency from the Cross-Rate list. Alternate Cross-Rate - Uses an alternate Interim currency to convert amounts between the source and target currencies. Just like the Cross-Rate conversion, the conversion rule between Source to Interim and Interim to Target will either be Direct or Inverse depending on the conversion direction. The alternate Interim currency is selected as a default value for the rate type; you select this currency from the Alternate Cross-Rate list. Double Cross-Rate - Uses two Interim currencies to convert the source amount to the target amount. This conversion rule runs the Direct calculation to convert the amounts from the Source to Primary Interim, Primary Interim to Secondary Interim, and Secondary Interim to Target. You define the Interim currencies as default values on the rate type; the Cross-Rate currency is the Primary Interim and the Alternate Cross-Rate currency is the Secondary Interim. Reverse Double Cross-Rate - Uses two Interim currencies to convert the source amount to the target amount. This conversion rule runs the Inverse calculation to convert the amounts from the Source to Primary Interim, Primary Interim to Secondary Interim, and Secondary Interim to Target. You define the Interim currencies as default values on the rate type; the Cross-Rate currency is the Primary Interim and the Alternate Cross-Rate currency is the Secondary Interim.

Revaluation New summary fields specific to Revaluation. When selected appear in summary mode as columns and in detail mode as totals

Locking records Excluding transactions Check the lock box & fix in the rate Sales orders, Purchase orders AP & AR Invoices

Currency GL Accounts Post journals and hold accounts in Currency GL Revaluation (Reverse\non-Reverse) Petty Cash \Bonds \ Fixed asset FC value \ Currency loans N.B. Make sure you don’t re-value a bank account twice.

Credit Control

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