About Exchange Rates

The information below is for the Accounting exchange rates solution. If you are using Foundations exchange rates in your org, see Foundations Exchange Rates Integration.

All exchange rates in this application are expressed as a multiplier with respect to home currency.

Dated exchange rates are defined using an effective date and an associated exchange rate. Each rate remains in effect either indefinitely or until the day before the next effective date for that currency. The time between one effective date and the next is called the exchange rate date range.

Note:

Exchange rates are preloaded when a new Certinia document new or edit page is opened. If you amend the applicable exchange rate while a document is "In Progress", you must reload the page to apply the new rate before posting.

See Exchange Rate Fields for more information.

Exchange rate modes

A Accounting companyClosed A self-balancing accounting unit within your organization. can operate in one of two exchange rate modes:

  • Org-wide exchange rates (one set of rates for all org-wide exchange rate companies in your org).
  • Company-specific exchange rates (this company has its own set of exchange rates).

The exchange rate mode is set on the company record. See Accounting Company Fields for more information.

Warning:

When you set a company record to use org-wide exchange rate mode, you are prompted to specify the date this will apply from. Any org-wide exchange rates you subsequently create will apply to new and "In Progress" documents from this date onwards.

Notes about org-wide exchange rates

  • You must have access to all the companies in the group of companies that use org-wide rates to be able to manage org-wide exchange rates.
  • If org-wide exchange rates already exist when you set a company to use org-wide rates, these rates can be automatically applied.
  • If relevant org-wide exchange rates already exist when you create a new accounting currency in a company that uses org-wide exchange rates, these rates can be automatically applied. A warning is displayed.
  • You can only edit org-wide exchange rates by the method described in Managing Exchange Rates. You cannot create or edit exchange rates in an org-wide exchange rates company by using the standard Salesforce interface.
  • If you need to create more than 200000 exchange rate records, your administrator must ask Salesforce to create a custom index. Salesforce must add this index to the Effective Date field of the Accounting Exchange Rate object (c2g__StartDate__c).