Currency – Add And Amend

Purpose:
To maintain an up-to-date table depending on currency fluctuations and transaction volumes.

You may want to change the currency exchange rates daily so that the transaction posting forms are populated with today’s exchange rate by default.

Preparation:
Ensure the currency module is active – see Activate the Currency Module.

Processing:
On the main menu click View > Parameters > Currency to display form – see Foreign Currency Parameters.
Click on the required Currency Code.
Navigate the fields using the tab key.
Overwrite highlighted fields as required.

Reporting:
Print a list of exchange rates each time data are changed – see Currency – List of Exchange Rates.

Filing:
File the report in a secure location noting the date and time on which the rates changed.