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Automatic Usage: Four separate types of exchange rate information can be recorded for each foreign currency type on the Daily Exchange Exchange Rates window. The Automatic Usage field is used to specify the exchange rate value to be used while amounts in foreign currency are being calculated automatically during transactions performed in the Administration section. The exchange rate type to be used can be specified in general for all sections of the application or separately for each section. The exchange rate value type to be used in the application is specified on the General, Material Management, Purchasing and Sales and Distribution sections. Exchange Rate Types: Exchange rate type selection is facilitated by naming the four exchange rate types used in daily exchange rate entries according to their purpose of use. Exchange rate types can be named as
Currency Purchase, Currency Sales, Effective Purchase, Effective Sale, or names can be assigned according to exchange rates applied by banks. Names of exchange rate types are recorded on related fields. Tolerance Limits (%): The field used to define the tolerance range based on the exchange rate information of the nearest date in order to prevent user errors while exchange rate values are entered or used in transactions. For example, a warning message can be displayed or the transaction can be blocked if the exchange rate entered for a specific day is higher for more than 10% or lower for more than 1% from the previous rate.
Tolerance Control: This parameter is used to specify controls and control methods to be applied for usage errors. This parameter contains the following options:
- Entry to Currency Table
- During Transactions
When Entry to Currency Table is selected, the control is applied in accordance with the definition made on the Tolerance Ranges field when exchange rate values are entered.
When During Transactions is selected, the control is applied while transactions are performed in the Administration section.
When Over Tolerance Limit: This field is used to specify the control method to be applied in exchange rate entries that exceed the tolerance limit. This parameter has three options:
- Proceed
- Block
- Warn User
When "Proceed" is selected, the transaction continues even if tolerance limits are exceeded. No warning is displayed.
When "Warn User" is selected, a control is performed by the LOGO application according to tolerance limits while exchange rates are entered, and a warning message is displayed if limits are exceeded. User confirmation is required to proceed with the transaction.
When "Block" is selected, a warning message is displayed and exchange rates or transactions are not recorded if tolerance rates are exceeded.
Exchange Rate Types: Exchange rate type selection is facilitated by naming the four exchange rate types used in daily exchange rate entries according to their purpose of use. Exchange rate types can be named as Currency Purchase, Currency Sales, Effective Purchase, Effective Sale, or names can be assigned according to exchange rates applied by banks. Names of exchange rate types are recorded on related fields.