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This text refers to program version 4.3  

Base Currency - Dual-Base System

After entering the two Currencies used in your business using the Currency register, you should use this setting to specify which one is to be treated as Base Currency 1 and which is Base Currency 2. You will then enter an exchange rate between the two using the Base Currency Rates setting. Euro rules require that all transactions should 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:

The example illustration would be appropriate for a voluntary user of the Dual-Base system. The local Currency (Pounds Sterling) has been specified as Base Currency 1 and the Euro as Base Currency 2.

Users in transitional countries should also 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.

The Default Base Currency is the Currency that will be used where no Currency has been specified for a Customer or Supplier. Usually this will be Base Currency 1.

You can use 'Paste Special' from all three fields to ensure that the Currency Codes used are correct.

The Security Controls are only used if you are using both conversion systems in combination.

Click [Save] in the Button Bar to save changes and close the window. To close the window without saving changes, use the close box.

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