Customer Euro Currency Conversion

When your Euro-participating customers switch to the Euro currency, you must convert their current and historical transaction records to be expressed in Euros. This utility converts all transaction amounts stored in the customer's national currency to the Euro. Any transactions not in the customer’s currency are skipped during conversion. You can specify up to 10 ranges of customers to be converted.

Before running this utility, you must:

Enter a currency code for the Euro on the Multi-Currency Parameters form.
Enter all necessary exchange rates on the Currency Rates form.
Perform any invoice posting, check printing, wire posting, and draft posting for all customers being converted. (You must post all A/R transactions and payments for all customers being converted.)

Note: When converting customers in a multi-site configuration, you are prompted to decide whether to convert certain customers. If a customer's currency is set to the euro, this might be due to a conversion having been performed previously at another site. In this case, the current site's data remains unconverted, even though the customer master will show the customer's currency as the euro. You are prompted to decide whether the customer's data should be converted. When converting customers in this type of setup, it is your responsibility to convert the customer at each site before normal database usage can continue at any site.