Collect! Credit and Collection Software™

  Detailed Field Information Related 'How To' Tutorials

Multi Currency

The Currency fields which can be set globally (see Help on Company Details), on a per debtor basis (see Help on Financial Detail of the Debtor screen) and also on a per Transaction level (see the Help on Transaction, Currency) enable you to control with great specificity what currency type a debt or payment has been recorded in for your locale.


Transaction Multi Currency

Actual Currency

Actual transaction currency.

This field displays the Currency the payment was made in. This should be the Currency of the account if you are using the Collect! Month End statement process.

If the Debtor pays in a Currency other than the one the debt was recorded in, you MUST convert the Currency before entering the payment into Collect!

Collect! does not calculate using exchange rates and currencies. These fields are provided for your own informational purposes only.

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Actual

Actual transaction amount.

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Posted

Posted Date of this transaction.

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Debtor Currency

Currency for this debtor.

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Debtor Exchange Rate

Use this field to capture the Exchange Rate for the transaction as it is posted. You can enter the Exchange Rate between the Currency and the Statement Currency here manually, if required.

Collect! does not calculate using exchange rates and currencies. These fields are provided for your own informational purposes only.

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Deposited

Date this transaction amount was deposited. This is taken from the Transaction's Deposited field to keep track of check clearing.

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Agency Account Currency

This is the Client Statement Currency. We use this field to capture the Currency that the Exchange Rate applies to for a transaction as it is posted.

Collect! does not calculate using exchange rates and currencies. These fields are provided for your own informational purposes only.

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Agency Exchange Rate

Exchange rate for the agency.

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To Us

To Us amount of this transaction.

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Direct

Amount paid directly to Client.

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To Agency

This field is provided for your own informational purposes only.

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