Maintain exchange rates

To maintain exchange rates

Open: Accounting System Manager > Settings > Currencies and Exchange Rates | Exchange Rates.

  • Single Rate Types

    For non-euro currencies, enter the exchange rate in the 1£ equals column. If the currency is fixed to the Euro, through triangulation, enter the Euro exchange rate in the 1 Euro Equals column.

    For the Euro, enter the exchange rate in the 1 Euro Equals column for your base currency. A euro to base calculation is always used, e.g. 1 Euro= £0.87.

  • Period Rate Types

    You set up a rate and an expiry date for the rate in the Period Exchange rates to £ box for non-euro currencies. You must also set the rate and expiry date in the Period Exchange rate to Euro for the Euro or for currencies fixed to the Euro, through triangulation. You can add as many period exchange rates as you need.

    1. Click Add to create a new line.
    2. Enter the Expiry date.
    3. Enter the exchange rate in the 1 £ Equals or 1 Euro Equals column.
  • To delete a period exchange rate, select the row and click Delete.
  • To print all exchange rates, click Print.