How do I set up currency translation?
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Revision as of 16:40, 13 August 2008 by Richard Green (talk | contribs) (New page: {{Review}}{{Incomplete}} == Summary == The following article outlines How to set up an exchange rate in the system so the system can convert an amount in the system (e.g. The nett price ...)
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Contents
Summary
The following article outlines How to set up an exchange rate in the system so the system can convert an amount in the system (e.g. The nett price of a stock code) from for example Euros to pounds
Setting up the exchange rate of the desired currency
- Go to "Reports & Parameters" -> "Maintenance Options" -> "System Administrator" -> "Currency Maintenance"
- This will come up with a screen asking for a "Base Currency" This is where you enter you "Home" currency so in our case this would be "GBP" - United Kingdom Pounds and press <Enter>
- This will bring up a list of Currencies like Euros (EUR) etc. Here move the Currency/Base field and enter you exchange rate of that day
TIP: You can get that days exchange rates from websites on the internet such as http://www.xe.com/ |
Applying the desired currency to an account
- Press <Shift+F10> from the account in question
- Click on the "Invoicing" Tab
- Click into the "Currency" field
- Enter the the code for the currency this accounts invoices deals in (e.g. EUR = Euros)
TIP: You can press <Ctrl+F1> to search for the code if you are unsure |
Converting a value from the accounts currency to your own with a transaction
- From any item value in the system <Alt+E>.
- This will bring up the currency converter screen which, as long as the correct currency code has been applied to the give account will show the amount in for example Euros and it corresponding amount in the base currency e.g. Pounds that the pre-set exchange rate
- Press {KeyPress|F2}} to post the conversion