Use the foreign exchange rate functions in Eclipse to do business with customers and vendors in a foreign country and handle the currency differences. You can bill foreign customers or pay foreign vendors in their own currency according to the exchange rate in effect on the day the order is processed.
The majority of tasks using foreign exchange currency information are based on tasks that are standard to the Eclipse system, such as printing checks, or making a journal entry. The difference is that you can set the option to perform these tasks in the foreign currency. The important thing to remember is that even though a journal entry is written in a foreign currency or a check is printed with a foreign currency, all information posts to your general ledger in the base currency of your company.
The following tasks allow you to perform business in foreign currencies:
See Also: