In accordance with Polish tax law, you must calculate an exchange rate based on the document date, posting date, or date of VAT register in order to post invoices that are issued in foreign currency.

You can use the Accounts receivable parametersform to define the exchange rate date parameters.

1. Click Accounts receivable> Setup> Parametersto open the Accounts receivable parametersform.

2. On the Generaltab, in the Exchange rate datefield, select the exchange rate date to calculate the exchange rate from the following options:

   • Posting date- Calculate the exchange rate based on the posting date.

   • Date of VAT register- Calculate the exchange rate based on the date of the VAT register.

   • Document date- Calculate the exchange rate based on the document date.

   • Document date (for EU trade only)- Calculate the exchange rate based on the document date when trading with European Union countries.

     Note
     If you select Document date (for EU trade only), the document date will be used to calculate the exchange rate only if the sales tax group for EU trade is selected in the Sales orderform, Free text invoiceform, Purchase orderform, Invoice pool excl. postingform, Invoice register journal linesform, and Invoice journal linesform.

3. Press CTRL+S or close the form.