CRUD invoices and resolve/process invoices (UXPROD-1152)

[UXPROD-697] Ability to facilitate ordering and invoicing in currencies other than default currency Created: 22/May/18  Updated: 16/Sep/20  Resolved: 18/Mar/20

Status: Closed
Project: UX Product
Components: None
Affects versions: None
Fix versions: Q1 2020
Parent: CRUD invoices and resolve/process invoices

Type: New Feature Priority: P3
Reporter: Dennis Bridges Assignee: Dennis Bridges
Resolution: Done Votes: 0
Labels: Q3fromQ2, acquisitions, cap-mvp, finances, i18n, invoices, po-mvp, q4-2019-at-risk, q4-2019-spillover
Remaining Estimate: Not Specified
Time Spent: Not Specified
Original estimate: Not Specified

Issue links:
Defines
is defined by UINV-107 Update settings permission label Closed
is defined by UINV-116 Cannot add invoice line using POL Closed
is defined by MODFISTO-91 Budgets aren't updated correctly upon... Closed
is defined by MODINVOICE-125 Spike: Investgate limiting document ... Closed
is defined by UINV-124 Invoices - Replace org selection comp... Closed
is defined by UINV-105 Save and close and cancel bar not fix... Closed
Relates
relates to UXPROD-2167 Value management through transactions... Closed
relates to UINV-114 Invoice line not retrieving Total est... Closed
relates to UIF-54 Adjust Finance Application currency s... Closed
relates to UIOR-460 Capture cost information and fund dis... Closed
relates to UIOR-472 Display encumbered value on POL for o... Closed
relates to UIOR-486 Display purchase order "total estimat... Closed
relates to UIOR-505 Use system default currency as defaul... Closed
relates to UXPROD-1144 Managing Ledgers, Funds, Budgets, Fis... Closed
relates to UXPROD-1218 Ability to create Ledgers, Funds, Bud... Closed
relates to UXPROD-2419 Add/Edit exchange rate and apply to E... Closed
relates to UXPROD-517 Ability to set default currency for a... Closed
relates to UXPROD-1152 CRUD invoices and resolve/process inv... Closed
Epic Link: CRUD invoices and resolve/process invoices
Analysis Estimate: Very Small (VS) < 1day
Front End Estimate: Medium < 5 days
Back End Estimate: Large < 10 days
Development Team: Thunderjet
PO Rank: 57
Rank: Chalmers (Impl Aut 2019): R5
Rank: Chicago (MVP Sum 2020): R1
Rank: Cornell (Full Sum 2021): R5
Rank: Duke (Full Sum 2021): R1
Rank: 5Colleges (Full Jul 2021): R5
Rank: FLO (MVP Sum 2020): R5
Rank: GBV (MVP Sum 2020): R1
Rank: hbz (TBD): R1
Rank: Hungary (MVP End 2020): R1
Rank: Lehigh (MVP Summer 2020): R5
Rank: Leipzig (Full TBD): R1
Rank: Leipzig (ERM Aut 2019): R1
Rank: TAMU (MVP Jan 2021): R4
Rank: U of AL (MVP Oct 2020): R5

 Description   

Purpose: Users need the ability to order and pay for materials in currencies other than the currency they are reporting in.

High-Level Requirements:
Must be able to specify amounts for transactions in currencies that are not the currently the "default currency" of the system.
For an order, the exchange rate should be calculated using the sent date(order date) and an encumbrance made in the systems "Default Currency"
For a Payment the Exchange rate should be based on the payment dateDocument Link: https://docs.google.com/document/d/1h-O3G8vG0qbM7TYenI-rXfZdTq8g0-F1iMSrGR_15mM/edit

(Post v1) If connected to an external accounting system this exchange rate would be updated if the system receives a receipt from an external accounting system that reports a date for the actual day of the executed transaction or a specific exchange rate/amount.



 Comments   
Comment by Dennis Bridges [ 20/Dec/19 ]

FYI: Currency conversion systems in GBV libraries: ecb or oanda or maybe even others - so just needs to be consistent.

Comment by Dennis Bridges [ 18/Mar/20 ]

Note: This feature is dependent on work being completed under UXPROD-2295 Closed . All details necessary for order in other currency can be captured but the transactions are not yet being converted into local currency.

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