The following describes how to set up the Base currency and Reversed rate flag for a new installation of a company that is part of the EMU.
Caution: Setup of these fields should only be done for new installations. Changing these fields in an installation where transactions have been entered, must be done through the routines described in the following tasks:
- Select the Work with companies menu item.
- On the main panel, select the company you want to work with.
- You access the detail panel. The following fields are applicable:
- Base currency
- Enter EUR. Note: EUR should be entered both for companies with system currency EUR, as well as companies with their old local currency as system currency.
- Reversed rate
- Set this field to YES indicating that exchange rates will be expressed as:
1 EUR = x Transaction currency units
Click OK. Exit the routine.