The article outlines steps to set up payment to be paid in an exact non-USD currency amount. Used when a fixed amount in another currency must be paid, such as paying an invoice billed in non-US dollars, or a grant award that was committed in non-US dollars (e.g. pay exactly 89000 British Pounds).
Before starting, be sure to convert the non-USD amount to USD. In the example below, the invoice was for 89,000GBP.
In the example below the user checks Fixed Non-USD so the payment amount comes from the FX Payment Amount field and 89,000 GBP will be paid. A $100,000 (USD) estimate is put in the Committed Payment Amount field for accrual purposes. After payment is made, Netsuite will update the actual amount in USD paid.
Foundation Connect can create payments in the following non-USD currencies:
- British Pounds (GBP)
- Euro (EUR)
- Hungarian Forint (HUF)
- Canadian Dollar (CAD)
- South African Rand (ZAR)