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:

'Grab the baby!': Duck boat victim's desperate plea
Sat, 21 Jul 2018 20:47:00 +0100
A grieving mother whose nine relatives died in the Missouri duck boat disaster heard her sister-in-law shout "grab the baby!" before a huge wave struck the vessel.

Trump: 'Your favourite president did nothing wrong!'
Sat, 21 Jul 2018 13:17:00 +0100
Donald Trump has questioned whether his former lawyer was acting illegally when he secretly recorded him.

Reunion for boy separated by Trump immigration policy
Sat, 21 Jul 2018 02:40:00 +0100
A boy who appeared in court after being separated from his father when they illegally crossed the US border has been reunited with his parents.

Girl, 15, raped by brother jailed for having abortion
Sat, 21 Jul 2018 12:24:00 +0100
A 15-year-old Indonesian girl who was raped by her older brother has been jailed for six months for having an abortion.

Gunman kills father of school shooting survivors
Sat, 21 Jul 2018 08:25:00 +0100
The father of two survivors of a high school massacre in Florida has died after being shot at his convenience store.



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.

Microsoft Great Plains eCommerce ? Stored Procedures Approach

Since Version 8.0 Microsoft Business Solutions Great Plains & Great... Read More

MCP Market News: Microsoft SQL Server & SQL Reporting Services

Are you ready? SQL Server 2005, the next-generation data management... Read More

Assertion in Java

Assertion facility is added in J2SE 1.4. In order to... Read More

Groupware and Online Collaboration: Collaboration Series #4

This article is the fourth of a series of articles... Read More

Microsoft CRM Data Conversion FAQ

Microsoft Business Solutions CRM data conversion deserves FAQ type of... Read More

Inherent Dangers Of File Sharing Via The Internet.

Cyberspace has opened up a new frontier with exciting possibilities... Read More

Information Products: A Business Owners Best Friend

We live in a post-industrial age where information is the... Read More

Crystal Reports - Microsoft SQL Server

Microsoft SQL Server is the leader for inexpensive and middle... Read More

Algebra Help Software

Need help making sense of algebra? Have algebra lectures in... Read More

DVD Burning Tips

CD and DVD replication is a process that works by... Read More

Microsoft CRM Integration with IBM Lotus Notes Domino ? Machinery Dealership Example

IBM Lotus Notes with Domino email server is traditional document... Read More

Brand Your Websites URL With a Favicon

Have you ever noticed that when you look at your... Read More

What is Preventive Maintenance Software?

Preventive Maintenance (PM) is defined as scheduled work done on... Read More

SQL Administrator Skills Required to Support Microsoft Great Plains

Microsoft Great Plains is becoming more and more popular and... Read More

Microsoft Great Plains Oil & Gas ? Implementation & Customization Highlights

Microsoft Great Plains serves the wide spectrum of horizontal markets.... Read More

Implementing Microsoft CRM: setup and configuration ? notes for IT specialist

Microsoft Business Solutions CRM is web-based CRM application, deploying all... Read More

Great Plains DOS Support ? Notes for Consultant

Great Plains Accounting, accounting package for mid-size and small companies... Read More

The Religion And Philosophy Of Small Internet Business

I have always had a tendency to focus on the... Read More

The Importance of Timely Timesheets

Whether you are a small consultancy firm, a medium sized... Read More

Defining OLAP Solutions and Data Warehouse design

This tutorial covers OLAP solutions used by Data warehouses and... Read More

Five Tips For A Great Software Demo

Whether you need to close a sale, gather end-user feedback,... Read More

Managing Stress in the Computer Industry - Five Steps to a Stress-free Life

It would be easy to think, like most people apparently... Read More

10 Steps To Secure And Manage Your Passwords

Passwords protect your most sensitive personal, financial and business information.... Read More

Partitioning, Formatting and Reinstalling in Windows 98

Formatting and reinstalling windows 98 is very easy if you... Read More

Great Plains Dynamics/eEnterprise Upgrade ? Things to Consider and FAQ

If you have Great Plains Dynamics/eEnterprise (version 6.0 or earlier)... Read More