Search HansaManuals.com HansaManuals Home >> Standard ERP >> Multi-Currency >> Currencies and Exchange Rates Previous Next Entire Chapter in Printable Form Search This text refers to program version 8.4 Exchange Rates This page describes the Exchange Rate register in the System module.--- The Exchange Rate register in the System module is where conversion rates between foreign Currencies and your home Currency are stored. If you are using the Dual-Base system, you can relate foreign Currencies to either Base Currency (although if you are in a country that is going through the process of joining the Euro, you should only relate foreign Currencies to the Euro). Each time an Exchange Rate changes, you should enter a new record to the register rather than modifying an existing record. This ensures an accurate history will be created which will then be used when currency conversions are required when producing reports. It also ensures that a gain or loss resulting from Currency conversion can be posted if the exchange rate changes between the issuing of an Invoice and its payment You should use this register for all Exchange Rates except those between the two Base Currencies. These should be stored in the Base Currency Rates setting in the System module. To open the Exchange Rate register, first use the [Switch Module] button in the Navigation Centre to change to the System module. Then, if you are using Windows or Mac OS X, click the [Registers] button, also in the Navigation Centre and double-click 'Exchange Rates' in the subsequent list. If you are using iOS or Android, tap the [Registers] button in the Navigation Centre and then tap 'Exchange Rates' in the 'Registers' list. The 'Exchange Rates: Browse' window will be opened, showing the Exchange Rates that you have already entered. To enter a new Exchange Rate, select 'New' from the Create menu in the Button Bar (Windows/Mac OS X) or the + menu (iOS/Android). You can also use the Ctrl-N (Windows) or ⌘-N (Mac OS X) keyboard shortcut. Alternatively, highlight a Currency similar to the one you want to enter and select 'Duplicate' from the same menu. The 'Exchange Rate: New' window will be opened, empty if you selected 'New' or containing a duplicate of the highlighted Exchange Rate. In the case of the duplicate, the Date of the new Exchange Rate will be the current date, not the date of the original Exchange Rate. Complete the Exchange Rate record as appropriate and as described below the illustration, then save it using the [Save] button (Windows/Mac OS X) or by tapping √ (iOS/Android) and close the window by clicking the close box (Windows/Mac OS X) or by tapping < (iOS/Android). Then, close the browse window using the close box or < again. Header
Rate Card
Forex CardIf you are using Forex Transactions, you can use the 'Forex' card in an Exchange Rate record to set defaults for each Forex Transaction.The Sales Rate and Purchase Rate fields are the same field as Rate on the 'Rate' card. Enter the default Sales and Purchase Rates using the two Base Currency 1 fields. Please refer here for details about Forex Transactions. --- Currencies and Exchange Rates in Standard ERP:
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