When Nominal Ledger Transactions are created automatically (for example, from Invoices or Receipts), the conversion rates used will be taken from the Sub System transaction. Figures in the Nominal Ledger are stored in up to three Currencies: the home Currency; Base Currency 2 (if the Dual-Base system is being used); and, if appropriate, any third Currency.

This section describes the entering of Nominal Ledger Transactions directly to the Transaction register. In the case of Transactions solely in the home Currency, flips B, C and D can be ignored, and the amounts should be entered to the Base 1 Debit and Credit fields on flip A.

Note: if it is necessary to duplicate a Transaction and the Exchange or Base Currency Rate has changed since it was entered, the up-to-date rate will not be shown in the new Transaction. This is correct if the purpose of duplicating the Transaction is to reverse it. Otherwise, use the 'Update Currency Rates' function from the Operations menu to bring in the latest rates and to update all amounts in Base Currency 2 on flip B and, if appropriate, in Currency on flip C.

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