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This screen is available under the "setup" menu option in Accounting.
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Defining the fields
Overall, there are three different currency types that will be setup and used in Softrip: Quote, Cost, and Pay currency.
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The following provides an overview of the fields that are available to setup in the exchange rates screen.
Base Currency
This is the currency that users will have the company setup in. The currency that is associated to the company in the "companies" screen is the base currency that is entered here.
Type
Users will need to setup the exchange rates for the three different currencies available by selecting the currency from the drop down menu.
Code
Enter the three letter currency code into this field.
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Example:If a user wants to setup an exchange rate from their base currency of |
Exchange Rate
The exchange rate field is the actual numeric value used to calculate the rate.
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Example:Exchange Rate code |
Begin Date
The beginning booking date of the period in which this Exchange Rate is applicable. Can not come later than the Ending date.
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Note: This is a manual process. Users can make updates to these dates internally as needed based on the current exchange rate values. |
End Date
The ending booking date of the period in which this Exchange Rate is applicable. Can not come before the beginning date.
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Note: This is a manual process. Users can make updates to these dates internally as needed based on the current exchange rate values. |
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