|
Search HansaManuals.com HansaManuals Home >> Standard ERP >> Multi-Currency >> Currencies and Exchange Rates Eelmine Järgmine Prindi kogu peatükk Otsi Juhend HansaWorld Enterprise'i versioonile 8.4 Base Currency This page describes the Base Currency setting in the System module.--- After entering the Currencies used in your business using the Currency register, you should use the Base Currency setting to specify the Currency that is to be used as the default in all transactions. If you are using the Dual-Base system, you should also use this setting to specify the Currencies that are to be used as your two Base Currencies. Usually, these will be your home Currency and the Euro or US Dollar. After specifying the two Base Currencies, enter an exchange rate between the two using the Base Currency Rates setting. Specifying two Base Currencies will mean that all transactions will be expressible in either Base Currency. Double-click 'Base Currency' in the 'Settings' list in the System module to open the 'Base Currency: Inspect' window:
Users in countries that are going through the process of joining the Euro should complete this setting as shown in the illustration, with their home Currency as Base Currency 1 and the Euro as Base Currency 2. Users in the Euro zone retaining their old Currency for comparison purposes should have the Euro as Base Currency 1 and their old home Currency as Base Currency 2. When the process of joining the Euro comes to an end, users in those countries will need to swap Base Currencies (i.e. the Euro will need to be changed from being Base Currency 2 to become Base Currency 1, and the old national Currency should become Base Currency 2). To do this, do not simply swap the Currencies in this setting. Instead, follow the process described on the Switching Base Currencies page. The Default Base Currency is the Currency that will be used as a default in all transactions when no Currency has been specified for a Customer or Supplier. You should use this field to set a default Currency if you are using the simple conversion system (i.e. if Base Currency 1 and 2 are blank) or if you are using the Dual-Base system. You can use 'Paste Special' from all three fields to ensure that the Currency Codes used are correct. The Security Controls allow you to prevent the entry of Exchange Rates that relate a foreign Currency to one of the Base Currencies. It is recommended that users in countries that are going through the process of joining the Euro should disallow rates in Base Currency 1 (their home Currency). This will prevent the accidental entry of Exchange Rates between their home Currency and other Currencies (during the transition process, all conversions should be via the Euro). Voluntary users of the Dual-Base system can set these options depending on their individual requirements (i.e. depending on whether they wish to allow the entering of Exchange Rates between one or both Base Currencies). For example, voluntary users of the Dual-Base system in Britain with the Euro as Base Currency 2 will probably wish to prevent the accidental entry of Exchange Rates between the Euro and other Currencies. Remember that you should relate a particular foreign Currency to Base Currency 1 or 2 but not both. When the setting is complete, click the [Save] button (Windows/Mac OS X) or tap √ (iOS/Android) in the Button Bar to save changes and close the window. To close the window without saving changes, use the close box (Windows/Mac OS X) or tap < (iOS/Android). --- Currencies and Exchange Rates in Standard ERP:
|
