<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tc/onlinemanual/000068" xml:lang="en">
   <Header>
      <Title>To use the external exchange rate type</Title>
      <Keyword type="header" order="d1e1454462">
         <Level1>External exchange rate type</Level1>
      </Keyword>
      <Keyword type="header" order="d1e1454465">
         <Level1>Exchange rate type</Level1>
         <Level2>EU reporting</Level2>
      </Keyword>
   </Header>
   <GeneralSection>
      <Paragraph>The amounts on the sales
		listing and the Intrastat declaration 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">Invoicing</GUIRef> ERP Enterprise converts 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, you can use your own
		company rates and in other countries, you must use specific exchange rates, for
		example, the rates used by the European Central Bank.</Paragraph>
      <List>
         <ListIntro>For the sales listing and the Intrastat declaration, 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 declaration 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
		  reports.</ListItem>
      </List>
      <ProcedureList>
         <ListIntro>To calculate the amounts using the external exchange rate,
		  take the following steps:</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">Process Intrastat Transactions (tccom7271m000)</GUIRef> session or the <GUIRef href="/baanerp/tc/com/tccom7270m000" role="session">Process Intracommunity Listing (tccom7270m000)</GUIRef> session, select the <GUIRef href="/baanerp/tc/com/tccom7271m000#decl.excrate.calc" role="manual">Recalculate Amounts with Declarant Exchange Rates</GUIRef> check box.</ListItem>
         <ListItem>Select the external
		  exchange rate type in the <GUIRef href="/baanerp/tc/com/tccom7271m000#decl.exch.rate.tp" role="manual">Declarant Exchange Rate Type</GUIRef> field. By default, ERP Enterprise displays the external
		  exchange rate that you entered in the <GUIRef href="/baanerp/tc/emm/tcemm1170m000" role="session">Companies (tcemm1170m000)</GUIRef> session.</ListItem>
         <ListItem>ERP Enterprise 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>
   </GeneralSection>
   <RelatedTopics>
      <SectionTitle>Related topics</SectionTitle>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000076" role="manual">EU transaction reporting</Link>
      </RelTopic>
   </RelatedTopics>
</ManualTopic>