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<ManualTopic ID="/baanerp/tc/onlinemanual/000068" xml:lang="en">
	<Header>
		<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Using the External exchange rate type</Title>
		<Keyword><Level1>External exchange rate type</Level1>
		</Keyword>
		<Keyword><Level1>Exchange rate type</Level1>
			<Level2>EU reporting</Level2>
		</Keyword>
	</Header>
	<GeneralSection><Paragraph>The amounts on the sales listing and the Intrastat report must usually be reported in the company's local currency.</Paragraph>
		<Paragraph>When you process the invoices and orders in <GUIRef href="/baanerp/ci" role="package">Central Invoicing</GUIRef> you convert the amounts to the local currency by using the exchange rate type of the transaction.</Paragraph>
		<Paragraph>For the amounts on the sales listing and the Intrastat report, the rules for the currency rates to be used can differ between the countries. In some countries it is allowed to use your own company rates and in other countries you have to use specific exchange rates, for example, the rates used by the European Central Bank.</Paragraph>
		<List><ListIntro>For the sales listing and the Intrasat report, you can generate the amounts to be reported in two ways simultaneously:</ListIntro>
			<ListItem>As internal values for your own audits, using the transaction exchange rates. These amounts can be used to match the sales listing or the Intrastat report to your sales and purchase accounts.</ListItem>
			<ListItem>As declaration values using the external exchange rates prescribed, for example, by the central bank. These amounts are included on the report.</ListItem>
		</List>
		<ProcedureList><ListIntro>To calculate the amounts using the external exchange rate:</ListIntro>
			<ListItem>Define an exchange rate type for the external exchange rates and define the exchange rates between the transaction currencies and the reporting currency for this exchange rate type. Use the currency rates prescribed by your central bank or other authority. For details, refer to <Link href="/baanerp/tc/onlinemanual/000314" role="manual">To define currency rates</Link>.</ListItem>
			<ListItem>In the <GUIRef href="/baanerp/tc/emm/tcemm1170m000" role="session">Companies (tcemm1170m000)</GUIRef> session, you can optionally select the default external exchange rate type for the company.</ListItem>
			<ListItem>In the <GUIRef href="/baanerp/tc/com/tccom7271m000" role="session">Export Intrastat Transactions (tccom7271m000)</GUIRef> session or the <GUIRef href="/baanerp/tc/com/tccom7270m000" role="session">Process Sales Listing (tccom7270m000)</GUIRef> session, select the <GUIRef href="/baanerp/tc/com/tccom7271m000#decl.excrate.calc" role="formfield">Recalculate Amounts with Declarant Exchange Rates</GUIRef> or the <GUIRef href="/baanerp/tc/com/tccom7270m000#calc.i" role="formfield">Recalculate Amounts in Local Currency</GUIRef> check box.</ListItem>
			<ListItem>Select the external exchange rate type in the <GUIRef href="/baanerp/tc/com/tccom7271m000#decl.exch.rate.tp" role="formfield">Declarant Exchange Rate Type</GUIRef> field. By default, SSA ERP displays the external exchange rate that you entered in the <GUIRef href="/baanerp/tc/emm/tcemm1170m000" role="session">Companies (tcemm1170m000)</GUIRef> session.</ListItem>
			<ListItem>SSA ERP recalculates the invoice values and the statistical values in the local currency using the external rates of the invoice dates or order dates and prints the recalculated values on the reports. You can view these values as well as the internal values in the <GUIRef href="/baanerp/tc/com/tccom7170s000" role="session">Sales Listing (tccom7170s000)</GUIRef> session and the <GUIRef href="/baanerp/tc/com/tccom7171m000" role="session">Intrastat Transactions (tccom7171m000)</GUIRef> session.</ListItem>
		</ProcedureList>
		<Paragraph>If you clear the <GUIRef href="/baanerp/tc/com/tccom7270m000#calc.i" role="formfield">Recalculate Amounts in Local Currency</GUIRef> check box in the <GUIRef href="/baanerp/tc/com/tccom7270m000" role="session">Process Sales Listing (tccom7270m000)</GUIRef> session, SSA ERP prints the invoice values and the statistical values in the local currency as they were calculated on the invoice date or order date using the original transaction exchange rates on the reports.</Paragraph>
	</GeneralSection>
	<RelatedTopics><SectionTitle>Related topics</SectionTitle>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000076" role="manual">EU transaction reporting</Link>
		</RelTopic>
	</RelatedTopics>
</ManualTopic>
