Oftentimes when people hear “multicurrency,” they think it’s going to be complicated. However Collections Management is designed with multicurrency in mind and works seamlessly with the Dynamics GP Multicurrency features.
One great example is with the Collection Letters. Let’s suppose we have our company ACMEUSA, and we have a customer in Canada, MAPLECO. We’ve agreed to bill MAPLECO in Canadian currency. It’s time to send them their monthly statement. I can set the currency to be in the Originating Currency by changing the formatting on the Collections Functions.
For example, let’s say I am including a list of all invoices with their current amount and due date. We’re using the function @%AllInvoicesDetail%@. Looking at Chapter 8 in the Collections Management User manual, we can see how to change this as needed.
In this case, we would enter @%AllInvoicesDetail,,1%@. There are two commas, because the first is for the cell padding. If you don’t want any extra cell padding, simply enter the two commas and enter 1 to display the Invoice total in Originating Currency. Now Collections Management will know to automatically use the originating currency for those invoices!