Tax Report Configuration: Report Currency

If the Multicurrency Accounting feature is enabled on the Enable/Disable Features (CS100000) form, you can specify a particular currency for a tax agency (which is defined in the system as a vendor) on the Vendors (AP303000) form. This currency will be used for creating a tax report for this tax agency. If the currency of a tax report (which is the currency of the tax agency) is different from the currency of a document subjected to specific tax, the system uses the exchange rate between these currencies of the type assigned to the tax agency effective on the date of the document. You can enter the exchange rates that might be needed for tax reports by using the Currency Rates (CM301000) form.