To track gains or losses resulting from a change in the value of a foreign currency, Aptify uses currency spot rates. When foreign currency orders are marked as shipped, the effective currency spot rate is retrieved from the Currency Spot Rates service and is stored with the order. When payment is received on the order, the currency spot rate on that date is also stored. The Mark-To-Market object (see Using the Mark-To-Market Wizard) uses these values to generate the General Ledger (GL) entries for the gains and losses based on the stored spot rates. Currency spot rates are covered in more detail in Understanding Currency Spot Rates.
Manage space
Manage content
Integrations