Exchange Rate Table
To access the Exchange Rates Table, from the main menu select Maintenance|Exchange Rates.
Currency Maintenance
In order for the system to calculate unrealized gain or loss, it must know the exchange rate of each currency in use, as per the end of each reporting period. The Exchange Rates Table allows you to enter and manage this information.
A list of commonly used foreign currencies are listed in the foreign currency table by default. You may delete those currencies you do not intend to use. If your business then decides to operate in a new currency in the future, the currency may be added. Deleting a currency does not stop CAPITAL's general ledger from tracking postings to accounts in that currency. However, unless the currency symbol is entered in this table, CAPITAL will be unable to calculate unrealized foreign exchange gain or loss.
To add a new currency to the currency table press the Add button. You will be prompted for the following information:
Currency Symbol
Enter the currency code here. Currency codes may be up to 8 characters wide.
Currency Name
Enter the name of the currency here.
Exchange Rate Maintenance
To enter exchange rates for your curriences at the end of your reporting periods, first select the currency you wish to enter an exchange rate for, and then press the Edit button. Next move to the period you wish to enter the exchange rate for by using either your up and down arrow keys or your mouse. At this point simply type in the exchange rate and press Save to save your changes. You may also enter exchange rates for other accounting periods if it is convenient for you to do so, before you press Save. Use your up and down arrow keys or your mouse to select other periods, as appropriate.
If you just wish to view entered exchange rates for a particular reporting period, enter a number next to For Account Period or press F12 to display a list of reporting period choices.
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