Use the the Main Parameters tab tab to specify the parameters of a new currency.
If you are adding a new currency from the list of predefined currencies, the currency already has a description, currency code, and symbol. You only need to specify the number of decimal places for prices.
If you are adding a currency manually, enter the required data.
The Currency (create) form. The Main Parameters tab
In the the Currency Name field field, enter a full name of the currency.
In the Symbol the Сurrency Code field field, enter a 3-letter code commonly used for of the currency according to ISO 4217.
In the the Numeric Code field field, enter a 3-digit code commonly used for of the currency according to ISO 4217.
Also, specify the currency symbol in the Symbol field.
In the Decimal Places for Amounts field, you can specify the number of decimal places for the currency; all the amounts will be calculated with this number of decimal places.
Use the Decimal Places for Prices field to specify the number of decimal places that your organization will use when setting up prices.
Select the Dependent Currency Rate option if this currency depends on some other currency (already defined in the system) which you can specify in the Main Currency field; the percent of change you can enter in the Markup field.
Click the Save button the Symbol field.
Select the Automatically Import Exchange Rates from UAE CB option if you want to import the exchange rates for this currency from the Central Bank.
In the Start Date field, specify the date when the automatic import should start. If no date is specified, all the exchange rates for this currency that were published by Central Bank will be imported.
Note. By default, the frequency of import is daily, once an hour. If need to set up other frequency, or define a custom schedule for such import, refer to Setting up a schedule for exchange rate import.
If you need to load for the currency the exchange rates from Central Bank for specific period only, refer to Loading the currency's exchange rates for specific interval.
Click the Save button to save the new currency or the Save and close button to save the currency and close the form.
Available links
Also, Above the toolbar includes , you can view the following hyperlinks:
- Exchange Currency Rates
Click the Exchange the Currency Rates link link to view the historic and current exchange rates for the currency. Exchange rates are specified with respect to the currency selected as the the national currency in in your system. For details on the role of the national currency in this software, refer to toSettings: Money form. For details on setting up a new exchange rate, refer to Adding an Exchange Rate.
form.
The Currency Exchange Rates list
For a newly added currency, the list of exchange rates contains a single line with the default rate that is equal to 1.0 and is in effect from 1/1/1980.
Note. It is recommended that you edit the default rate but do not change the start date for the rate -- – it will be used in case a transaction has the date earlier than the date of the first actual exchange rate entered in the listshould be rather "old" date to provide the default exchange rate for any actual or "history" transaction entered into the system.
To add a new exchange rate, click click Create on on the toolbar of the the Currency Rates form form. This opens the Exchange Rate the Currency Rate (create) form. form. For details on setting up a new exchange rate, refer to Adding an Exchange Rate.