Exchange Rates

• You must create exchange rate pairs for all exchange rate currencies you want to track e.g. GBP -> EURO .

  

• Exchange rates are referenced at the point of document entry. The document exchange rate will be defaulted based upon the prevalent rate at the document Tax date.

• All documents will record an exchange rate between the document currency and the Legal Entity base currency.

• On cash book documents, there will also be an exchange rate recorded between the bank account currency and the Legal Entity base currency.

  Tip

  • Subject to access permissions, exchange rates can be manually adjusted at document entry.

  

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