Foreign-based Currency

Currencies needed for transactions are pre-set in this table.

Note: If you did not buy the multi-currency option in A2000, you can only create a single currency.

 HOW TO ADD NEW CURRENCY?

• In the open field, SELECT CURRENCY, you can only pick up the CURRENCY CODE and you are not

  allowed to create new ones. Any currency selected here is used for all transactions.

• As you select the 'CURRENCY', DESCRIPTION OF CURRENCY will auto-fill,

• Same on HUNDREDTH UNIT, will auto-fill. The hundredth-unit description is to print amount in words. For example, it is “Cents” for Singapore Dollars, “Sen” for Malaysian Ringgit, “Satang” and “Centavos” for Thai and Filipino currencies respectively.

• Manually key in BUYING RATE

• Manually key in SELLING RATE

• Manually key in REF RATE

• The EXCHANGE GAIN/LOSS, REVALUE RATE and UNREALIZED EXCH GAIN/LOSS AC, these fields will be covered under Multi-Currency Handling wherein exchange gain/loss, revalue rate and unrealized exchange must be mapped properly to correctly post accounts during a foreign currency transaction.

• Fill UNIT PRICE DECIMALS as 2 depending on your preference, maximum 9 decimals.

• Fill TOTAL PRICE DECIMALS as 2 depending on your preference, maximum 2 decimals

• Fill EXCH RATE DECIMALS as 2 depending on your preference, maximum 8 decimals

• Fill GL DECIMALS as 2 depending on your preference, maximum 2 decimals

• Fill ROUNDING DISCOUNT as 2 depending on your preference, maximum 2 decimals.

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HOW TO EDIT THE RATE [SIMPLE TABLE]?

• select under ACTION
• click EDIT
• note that you can only edit for the exchange rates and decimals. 

 Note: If you did not buy the Foreign Currency option, ignore the Exchange Gain/Loss options.