Maintain your old Siemens Hipath system

Microsoft Great Plains Multicurrency ? Overview For Implementation Consultant

When you first think about multicurrency ? you probably have in mind the revaluation question. Currency triangulation ? which was the need when European currencies were fixed to Euro is not an issue any more.

1. Sales and Purchasing multicurrency ? when you are selecting accounting package with multicurrency, you need first understand if it has multicurrency on the Sales and Purchasing modules level, not just in GL. The problem behind is like this. When you have sales in foreign currency ? you will probably get the payment later on when currency may potentially lose some value against your functional currency (like US Dollar or Euro ? however in our days Dollar is very good candidate to do so, but this is outside of the scope). Then ? even if you do have payments upfront in foreign currency ? you probably don't plan to convert this currency to functional for repatriation, you probably keep it in the local bank and so your foreign money is subject to fluctuation in comparison to functional currency

2. Unrealized and Realized Gains and Losses ? gain or loss is unrealized when transaction is not yet settled (like payment is not received and not applied ? but you would already like to know if you have unrealized gain or loss). When transaction is settled ? then realized gain or loss might be in place ? this is simply the difference of what if you would get immediate payment and got payment now.

3. Revaluation ? this is when you decide to recalculate your Sales, Purchasing transaction and post realized and unrealized gains or losses. As the result you usually want GL transaction to be created

4. GL Multicurrency ? is simplified version. You may have transactions entered directly in GL with foreign currency selected ? in this case it is subject for possible revaluation.

5. Microsoft Great Plains Multicurrency ? it is on the level of the following modules: GL, Accounts Receivable, Accounts Payable, Sales Order Processing, Purchase Order Processing, Bank Reconciliation, Project Accounting. So it is full-featured multicurrency.

Happy implementing! if you want us to do the job - give us a call 1-630-961-5918 or 1-866-528-0577! help@albaspectrum.com

Andrew Karasev is Chief Technology Officer in Alba Spectrum Technologies ? USA nationwide Great Plains, Microsoft CRM customization company, serving Chicago, California, Arizona, Texas, Florida, Georgia, New York, Australia, UK, Canada, Continental Europe, Russia and having locations in multiple states and internationally ( http://www.albaspectrum.com ), he is Microsoft Great Plains Certified Master, Dexterity, SQL, C#.Net, Crystal Reports and Microsoft CRM SDK developer.

In The News:

Scrapping for food to survive: Inside the frontline of Yemen's war
Mon, 18 Feb 2019 16:09:00 +0000
Yemen's warring parties have agreed to withdraw their forces from Hodeidah - providing fresh hope for the fragile ceasefire in the city.

British man missing from popular Australian beach
Tue, 19 Feb 2019 01:56:00 +0000
A British man has gone missing from a popular beach north of Sydney in Australia.

Senators may investigate 'coup' to remove Trump
Mon, 18 Feb 2019 09:28:00 +0000
An investigation may take place into claims senior officials discussed whether Donald Trump could be removed from office.

British tourists 'stocking up on euros' as Brexit looms, figures suggest
Mon, 18 Feb 2019 11:33:00 +0000
Britons are stocking up on euros ahead of Brexit, new figures suggest.

Spanish warship tells ships to leave Gibraltar waters
Mon, 18 Feb 2019 04:09:00 +0000
A Spanish warship with its guns manned ordered commercial ships to leave British Gibraltar waters, the territory's government said.



tikatoshop.it

Erfahrungen mit Pallhuber Wein
Agen Bola SBOBET Terpercaya

Travel in comfort and at your leisure with CT Airlink Limousine & Car Service for top quality private transportation and exceptional customer service. We operate Sedans, SUVs & Vans for CT Car Services to covering all Connecticut airports including Car Service from CT to Newark Airport , Mohegan Casino Uncasville CT, Foxwoods Casino Mashantucket CT, Manhattan Cruise Terminal NYC, Brooklyn Cruise Terminal NYC and Bayonne Cruise Terminal NJ. CT Airlink hire licensed and friendly chauffeurs who have in-depth knowledge of the Areas.

Increase Office Efficiency With One Simple Tool

When you need a phone number, you do a quick... Read More

CRM and Customer Life Cycle

Customer Relationship Management or CRM is a combination of enterprise... Read More

Artificial Intelligence And Intuition

The intuitive algorithm.Roger Penrose considered it impossible. Thinking could never... Read More

Business Planning Software

Once a business idea is selected, it is highly recommended... Read More

When is a Software Engineer Not a Software Engineer?

The title of "software engineer" has got to be among... Read More

Run Your Own Search Engine

Our hosted solution allow you to run your own search... Read More

Put Some Pizazz in Your Software Arsenal

The software giants don't do everything and don't always produce... Read More

Should I Use Windows Update?

Should one use Windows Update?This topic has good and valid... Read More

Free Microsoft Word Online Training Tutorial Resources

Microsoft Word is one of the most popular office applications... Read More

eConnect: eCommerce Development for Microsoft Great Plains

Microsoft Business Solutions Great Plains has several options to enable... Read More

Review of TikiWiki Content Management System

TikiWiki is open source software - it is written in... Read More

Microsoft CRM in Latin America: Implementation, Customization, Support ? Overview for Consultant

Microsoft Business Solutions CRM is present several years on the... Read More

C++ Tutorials: 3, Program Flow (If, Else, While, For)

Program Flow is what you think it is. How the... Read More

Microsoft CRM Customization - Processing In/Out-Going Email Messages

We would like to give you several situations, when you... Read More

Microsoft CRM Custom Design & Development: SDK, C#, SQL, Exchange, Integration, Crystal Reports

Microsoft CRM is new player on the CRM software... Read More

Data Quality Best Practices for Salesforce.com

Executive SummaryAn effective plan for entering, cleaning and updating the... Read More

How to Backup Windows XP Home Edition

Your computer cost you from hundreds to thousands of dollars,... Read More

Is Your Computer Sick?

Viruses and spyware usually show up on your computer one... Read More

C++ Tutorial 1, Introduction to C++

Introduction to C++Why Learn C++?C++ may at first seem like... Read More

Beware of Spyware

One day, you suddenly realize that your computer started to... Read More

Not All Project Management Software is Created Equal

The purpose of Project Management Software is to provide an... Read More

Unofficial Windows 98 SE Service Pack 2.0 RC2

Microsoft has never released a service pack for Windows98 SE,... Read More

Explore the Internet in a Whole New Way

For a long time now Microsoft's Internet Explorer has ruled... Read More

Microsoft RMS ? Great Plains Integration ? Overview For IT Specialist

Microsoft Great Plains and Microsoft Retail Management System (Microsoft RMS)... Read More

Helping Newbies Understand Professional Software

The Windows registry is a huge database that ensures normal... Read More