Fixed rate agreements (form)
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012
Click Project management and accounting > Common > Projects > Project contracts. Select or open a project contract. On the Action Pane, on the Project contract tab, in the Set up group, click Fixed rate agreement.
Use this form to set up a fixed exchange rate for a project contract. A fixed exchange rate is used when you invoice foreign customers. When a fixed exchange rate is defined for a project, the customer pays the bank to freeze the exchange rate so that it stays the same for the whole project period and the bank pays any fluctuations on the exchange rate.
Price calculations are not based on fixed rate agreements. However, if you have a fixed rate agreement set up on a project contract, transactions posted to projects on this project contract are calculated using the fixed rate agreement. Also, accrued revenue is posted using the fixed rate agreement.
Navigating the form
The following tables provide descriptions for the controls in this form.
Tabs
Tab |
Description |
|---|---|
Overview |
Create an exchange rate setup for the project contract. The exchange rates are based on the sales currencies that are set up in the general ledger. |
General |
View and define details for an individual exchange rate setup. |
Fields
Field |
Description |
|---|---|
Sales currency |
The currency in which the project is invoiced. |
Exchange rate |
The currency exchange rate. Note In the Quotation unit field in the Currency exchange rates form, you can change the number of units that the exchange rate is based on. The change is automatically reflected in the Exchange rate field in this form. A typical setup for currency exchange rates expresses how much accounting currency is exchanged for 100 units of the selected foreign currency. |
Forward cover number |
Enter the fixed exchange rate agreement number received from the bank. |
Project contract ID |
The project contract from which invoicing is performed. |
See also
Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).