This function allows you to maintain currency operated by your company. You can create additional currency if your company is dealing with another customer or supplier that operates in a different currency.
To access Currency, click on the Master Data icon > Currency.
Creating a new Currency
To create a new Currency, click on the “+New” button.
Currency Code: Select currency that you wish to add. If the currency is not in the selection list, you may type in your own currency code.
Currency Symbol: Key in symbol of currency. Will auto capture if select from currency list.
Currency Word: Key in description of currency. Will auto capture if select from currency list.
Currency Word 2: Key in alternate description for currency.
Bank Buy Rate: Maintain bank buy rate of currency. This rate will be capture when performing entries.
Bank Sell Rate: Maintain bank sell rate of currency. This rate will be capture when performing entries.
Exchange Gain Account: Choose foreign gain account. Any exchange gains will be posted into this account.
Exchange Loss Account: Choose foreign loss account. Any exchange loss will be posted into this account.
Exchange Gain / Loss Journal: Choose your foreign gain loss journal.
Click “Save” to commit the changes once you had done keying in or editing the required information.