Currency Rates

Before setting up Currency Rates, you will need to create an Exchange Rate Variances nominal.

 

Add a New Currency

1. From the Set-up menu, click Currency Rates.
2. Click the top row, under the Code heading, to add a new row.
3. Complete the row with the following details:
   • Code – the ISO4217 three character currency code e.g. ISK
   • Name – the ISO4217 currency name, e.g. Iceland Krona
   • Rate – Enter the inverse currency conversion rate. For instance, 1 [your currency] = n Pound Sterling. Type n into the box to six decimal places.
   • Nominal Code – from the list click the Exchange Rate Variances nominal
   • Details – This will complete when you click the nominal code.
4. In the toolbar, click Add.

See Also