The following describes how to set up the Base currency and Reversed rate flag for a new installation of a company that is not within 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 apply:
- Base currency
- Enter the same currency code as for the system currency.
- Reversed rate
- Set to NO if you want to enter exchange rates as:
1 Transaction currency unit = x Base currency units - Set to YES if you want to enter exchange rates as:
1 Base currency unit = x Transaction currency units
Click OK. Exit the routine.