Generating documents in foreign currency can identify in which currency of the item is valued in the document, for example, USD, JPY, and EUR. PEAK will use the exchange rate from the Bank of Thailand based on the transaction date.

The steps are as follows:

Example: Generating an invoice in USD currency

Step 1: Select Revenue > Delivery Note/Invoice/Record AR > Click + Create.

Step 2: Create an invoice and specify the customer, pricing, and tax information, then select USD currency and specify the value of goods/services in USD.

Step 3: After selecting the currency, PEAK will show the exchange rate from the Bank of Thailand. There are two cases as follows:

Case 1: Create a transaction at the current date (the date of creating the document and the document date are the same date)

If the transaction is created at the current date (the date that the document is created) such as the 5th date, and the issuance date of the document (document date) is the same, PEAK will use the exchange rate of the 4th date. However, if the 4th date is a public holiday, PEAK will use the previous date's exchange rate. For example, if the 4th date is Sunday, PEAK will use the exchange rate of the 2nd date which is Friday.

Case 2: Create a retrospective transaction (the date of creating the document is the date after the document date)

If the transaction is created at the current date (the date that the document is created) such as the 5th date, and the issuance date of the document (document date) is the 4th date (backdated), PEAK will use the exchange rate of the 4th date.

If the 4th date is a public holiday, the previous date's exchange rate is used. For example, if the 4th date is Sunday, PEAK will use the exchange rate of the 2nd date which is Friday.

In summary: The information on the exchange rate from the Bank of Thailand will be valid for the past 1 day. PEAK will default to the previous date's exchange rate. However, the user can manually edit the exchange rate.

Step 3: When you have pressed "Approve Invoice". If you receive the payment and want to issue a receipt, then select "Payment" of that invoice and press "Paid".

Step 4: Specify the payment method, then press "Payment". If there is profit or loss on the exchange rate, you can press "Advanced" and tick on the box "Fee and Adjustment" and adjust by specifying the adjusted account code and amount. If it is done, press "Payment".