All of the accounting and payroll in our company is done in US Dollars. With TimeTrexs' recent Currency Conversion feature we wanted to convert US Dollars to our local Costa Rican Colones.
When you go to Administration -> Company -> Currency Administration
I was wondering what the difference between USD Dollars, USN Next Day and USS Same Day. All of them are US Dollars, which type should I use, could you please explain the difference between them or point me somewhere I could read further on this matter.
Currency Conversion
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lsanchez_gutierrez
- Posts: 36
- Joined: Fri Jan 05, 2007 5:26 pm
- Location: San Jose, Costa Rica
- Contact:
The currency list is obtained from PEAR's I18Nv2 class.
Source: http://www.globalfinancialdata.com/inde ... TED_STATES
"The ISO set up additional codes for Same Day Funds (USS) in the United States Dollar. Same day funds are immediately available for transfer today, or for withdrawal in cash, subject to settlement of the transaction through the payment mechanism used. Next Day Funds (USN) are immediately available for transfer in like funds, and, subject to settlement, available in the next business day for same day funds transfer or withdrawal in cash."
Our currency server does not currently recognize USS and USN currencies.
Source: http://www.globalfinancialdata.com/inde ... TED_STATES
"The ISO set up additional codes for Same Day Funds (USS) in the United States Dollar. Same day funds are immediately available for transfer today, or for withdrawal in cash, subject to settlement of the transaction through the payment mechanism used. Next Day Funds (USN) are immediately available for transfer in like funds, and, subject to settlement, available in the next business day for same day funds transfer or withdrawal in cash."
Our currency server does not currently recognize USS and USN currencies.
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