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File - Exchange Rates

If your company purchases goods from overseas suppliers, or sells goods to overseas customers, you need to setup exchange rates for these transactions. You do this using the Exchange Rates master file.

The information entered into the Exchange Rates master file is used to calculate the monetary rate of exchange when dealing with foreign currencies. These are used by both the debtors in MDS and creditors within the optional Micronet Creditors Ledger (MCL).

 

Reference

  • The multi currency creditors functionality is enabled on the MCL General Configuration screen – refer to "Edit - Applications - MCL".
  • The multi currency debtors functionality is enabled on the Debtors Configuration screen – refer to "Edit - Program - Debtors".