QIP has no specific settings for Multi-currency apart from the Tax Groups listed in the Edit Tax Tables area. I believe the multi-currency information used in the Tax Groups is pulled from OE if OE is being used, otherwise it would be set up here for QIP. In any case, this area is specifically for setting up how the taxes are calculated in relation to the various currencies.

By default, QIP reads the Customer's currency from AR, based on what is in the Customer's file. Furthermore, the Customer's currency is based on the Account Set selected in their file. In turn, the AR Add/modify/delete Control Account Sets option is used to setup different Account Sets for the different currencies being used. Only one currency per Account Set can be selected.

When processing an invoice in QIP, there is no option to change the Customer's home currency, only to over-ride the default 'Tax Group' assigned to the Customer in AR. To change this default when entering an invoice, you must visit the Header screen and select a different Tax Group.

It is in the QIP Header area as well, that you can change the Exchange Rate that you selected when first creating the invoice.

Without further details from you to explain what exactly the problem seems to be, it is hard to give accurate advice.

Perhaps after checking all the areas described above to ensure nothing has changed, and reveiwing how transactions are entered into QIP initially, you will be able to determine the problem source.

There are no issues surrounding multi-currency that I am aware of. The currently shipping version is 6.7A (001122).

Regards,

I do not think QIP has changed as far as multi-currency goes from the version you are using and the shipping version.

The QIP Posting Journals should give you the calculation information of what will be posted to AR, along with other details about the source and home currencies being used such as the exchange rate(s) etc.

For your invoices, there are a couple of spec codes you can use to display the exchange rate and the currency codes:

From the AR Customer File:
%C31 prints Currency Code
%C108 prints Outstanding balance in home currency

From the QIP Header area:
%E71 prints Invoice Source Currency Code
%E72 prints Invoice Exchange Rate

Because you want the Customer to pay what is owing to you in your home currency value, you could enter text in the footer area of your invoice such as 'Amount due in RAN currency'. You can also insert the fields to print the Source Currency code as well as the exchange rate from the QIP Header screen. This way, it will be an easy calculation to obtain the correct amount.

Alternatively, you could have an Optional Field set up that would not get posted through to AR, that you could print on your invoices. You could set it up as an Amount field. To use the field, you would go to the Header screen, and enter the value by taking the required Total and multiplying it by the exchange rate. Since this information is also displayed in this screen, just pressing the + key on your keyboard will bring up the internal calculator so you can do the calculation, then press the Insert key to have the amount inserted into this field.

This would allow you to use one of the Optional Field spec codes (%E86, 87 or 88) to display the Source Currency amount on the invoice generated.

Again, this Optional Fields are for internal use only, and do not get posted through to AR.

Does this help?

Regards,

We received your fax, thank you.

In the QIP manual, you can find a brief chapter on Multi-currency in Appendix D. That may shed some light.

Otherwise, to get QIP to reflect the desired amounts and correctly update AR, you must enter the QIP amounts in the Customers' Source Currency, not the Home currency. It is the posting of the invoice that automatically converts it to Home currency for the AR Customer and the GL accounts.

Hope this helps - this is what needs to occur.

Regards,

You can contact our Customer Service department about purchasing replacement manuals either via email: customerservice@softrak.com , fax: (604) 736-6431 or phone: (604) 736-3741.

QIP does not support the Alternative Price Lists from Inventory Control.

The way you are doing it now is the recommended method. As indicated in our previous postings, the proper calculations will be made based on these source currency amounts and the Customer's information will be converted into home currency based on the exchange rates you have set up.

Take care,