Entering Exchange Rates

You can view the exchange rates used for calculations in a pre-defined data form. You can also use pre-defined forms to enter exchange rates and to enter override rates.

• Enter Exchange Rates - Single Period: Enter exchange rates for the single

period selected in the Point of View.

• Enter Exchange Rates - Multi Period: Enter exchange rates for multiple periods

to a single To Currency selected in the Point of View

Note:The predefined Rate forms are only provided if the Multi-currency option was selected during application creation.

See below video on entering rates for single and multiple periods.

Override Rates: Most accounts use the standard translation method with the default exchange rates.

Some Balance Sheet accounts are specified as Historical Rate accounts (for example, Common Stocks, Investment in Subs). Accounts specified as Historical Rate accounts are translated using the override rate or override amount that you specify. If there is no override rate or amount for a Historical Rate account, the system uses the global exchange rate for translation.

For Historical Rate accounts, the system provides a pre-built form for you to enter

either an override rate or override amount for the account. You can specify, if you want to use Override Rate or Override Amount, in the account member settings.

See below video for Override Rates:

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