International transactions > Exchange rates
Exchange rates
When entering a foreign currency transaction, you can either use the default exchange rate for the currency or enter a new rate for the transaction.
To change the default exchange rate
1
Calculate the exchange rate first using the Currency Calculator. See ‘Using the Currency Calculator’ below
2
From any command centre, go to the Lists menu and select Currencies. The Currencies List window appears.
3
Select the currency entry you want to modify and click Edit. (Alternatively, click the zoom arrow next to the currency name.) The Currency Information window (Currency Profile view) appears.
4
Modify the fields as required and click OK.
5
Click Close to exit the Currencies List window.
To change the exchange rate in a transaction window
1
Calculate the exchange rate first using the Currency Calculator. See ‘Using the Currency Calculator’ below.
2
Open a foreign currency transaction window. You can record foreign currency transactions for:
■
sales, invoice payments, and settle returns & credits
■
purchases, bill payments, and settle returns & debits
■
banking transactions and general journal entries.
3
Click Rate at the bottom of the transaction window. The Exchange Rate window appears.
4
Type the new exchange rate in the Transaction Exchange Rate field. This will only affect the transaction that is currently displayed.
5
If you want to change the exchange rate for all future transactions that use this currency, select the Update Current Exchange Rate in the Currency List with Transaction Exchange Rate option.
6
Click OK. The transaction window reappears.

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