How do I set up currency translation?
From Catalyst
Revision as of 10:55, 12 August 2011 by Chris Morrison (talk | contribs)
Contents
Summary
The following article explains how to set up an exchange rate so that the system can convert an amount (e.g. The nett price of a stock code) from one currency to another. Currently, Platinum allows you to print documents in currency and convert figures from one currency to another, but all the accounting is done in your base currency, and the exchange rate effective at the time of the transaction is not stored.
More Information
Setting Up the Exchange Rate
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 your "Home" currency, so in our case this would be "GBP" - United Kingdom Pounds and press <Enter>.
- This will bring up a list of currencies such as Euros (EUR). Here move the Currency/Base field and enter your exchange rate of that day.
 | Tip: You can get that day's exchange rates from websites on the internet such as http://www.xe.com/ |
Applying the Desired Currency
Go to "Sales Ledger" -> "Add or Edit Customers" or "Purchase Ledger" -> "Add or Edit Suppliers" and amend the customer or supplier details.
- Click on the "Invoicing" Tab.
- Click into the "Currency" field.
- Enter the the code for the currency that you want to use.(e.g. 'EUR' = Euros) (Use <Ctrl+F1> to search for the code if you are unsure.)
Converting from One Currency to Another
- From any item value in the system, press<Alt+E> (e.g. from a unit price of a stock code.)
- This will bring up the currency converter screen which, as long as the correct currency code has been applied to the given account will show the amount in for example Euros and its corresponding amount in the base currency e.g. Pounds at the pre-set exchange rate.
- Press <F2> to insert the converted figure into the current value field.
