IM-A  International Configuration

Purpose of Program

Use this program to activate or de-activate various International functions.

Field Explanations

Multi-Tax Forms

If multiple tax codes apply to a sales order or purchase order and you want each tax code to be separately itemized and printed out in the bottom portion of the invoice, enter a Y in this field.

If you want only a single total for all taxes to print, enter an N in this field.

Excise Tax

If you will be using excise tax processing in which the tax is embedded in the item’s selling or purchase price, enter a Y in this field.

Multi-Currency

If you will be using multi-currency processing, enter a Y in this field.  Be aware that when you do so, you are switching the multi-currency system on and that you will not be able to run certain programs until you first complete your multi-currency setup.  See Multiple Currency Startup for details.

If you want forms such as purchase orders and invoices to print with different currency symbols, you must also set Multi-Tax forms (see above) to Y.

Pay

This option determines how currency gains or losses are handled on payments -- meaning payments you make to vendors and payments you receive from customers.  If your country allows you to recognize the currency gain or loss at the time of the transaction, enter a Y in this field.

In some countries (such as Canada) you are required to recognize currency adjustments for payments at month end, rather than at the time payments are made or received.  If so, enter an N in the Pay field.

Landed Costs

Enter a Y in this field if you will be using landed cost processing.

Auto-Tax Calc

Set this to Y if you wish to have the capability of processing sales tax within AP-B  Enter Vouchers and AR-B  Enter Vouchers.  Processing sales tax means that it will be posted to the General Ledger and also to the sales tax file where it can be ultimately be transferred for payment to the appropriate tax authorities.