Relational VAT Exch. Rate Amt Field, Currency Exchange Rate Table

You use this field to record the official rates of the Federal Tax Administration.

The values are needed for VAT rate conversion. If these rates do not agree with the rates used in the purchase/sales invoices, the VAT rates must subsequently be corrected with the Adjust Exchange Rates batch process. This correction can only be performed when accounting with agreed upon VAT.

You can find further information about VAT and foreign currencies on http://www.estv.admin.ch/data/mwst/.

Tip

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Parent Tables

Table	Location
Currency Exchange Rate Table	General Ledger
Currency Exchange Rate Table	General Ledger