Multi Currency / Multi Currency Register/ Understanding Multi Currency Registration

3.0. Currency Registration

Understanding Multi Currency Registration



Alert
STEPS:
  1. Click SETUP activity
  2. Click ACCOUNTS
  3. Click CURRENCY module
  4. Click NEW
  5. CODE
  6. Unique Code
  7. ISO CODE
    This code is mainly use for IAF data generation
  8. Name
  9. Currency Name use in Amount in words translation
  10. SYMBOL
  11. NO. OF DECIMAL
    The Symbol and Decimal place for display and printout purpose.
  12. Sen
  13. Sen
    This is the currency Singular & Plural description to appear in printout. It is the 1/100 Monetary Unit for Amount in Words Translation
  14. DATE FROM
  15. DATE TO
    This is the effective date range for the exchange rate to be applicable.
  16. EXCHANGE RATE
  17. The conversion rate of the foreign currency to accounting currency
  18. MULTIPLY
  19. DIVISION
    These are factor to facilitate entry of exchange rates.

Creating a new Multi Currency in Register



Alert
STEPS:
  1. Click SETUP activity
  2. Click ACCOUNTS
  3. Click CURRENCY module
  4. Click NEW
  5. CODE enter MYR
  6. ISO CODE MYR
  7. NAME enter Malaysian Ringgit
  8. SYMBOL enter RM
  9. NO. OF DECIMAL enter 2
  10. CENT enter Sen
  11. CENTS enter Sen



    • Related Articles

    • 4.0. Currency Exchange Rate Table

      Different Ways of entering Exchange Rates STEPS: DATE FROM enter 1 Jan 12 DATE TO enter 31 Jan 2012 Effective date range EXCHANGE RATE enter 0.015397 To enter an exchange rate of 1 JPY = 0.015397 SGD MULTIPLY select 1 DIVISION click Un-Tick By ...

    • 7.0. Accounts Receivable in Foreign Multi Currency

      Issue an Invoice in Foreign Multi Currency When Rates are not available STEPS: Click SALES activity Click INVOICE module Click NEW DATE select 15 Dec 11 CUSTOMER create & select EveryDay Customer Pte Ltd CURRENCY select USD EXCH. RATE Notice the ...

    • 6.0. Exchange Gain or Loss

      Realised Exchange Gains or Loss Accounting for foreign currency transactions has two parts. The first part is recording the original transactions. The second part is recording when you pays or receives the money in a foreign currency. Base on the ...

    • 5.0. Setting Bank, Mode & Business Partner in Foreign Multi Currency

      Creating a Bank Account in Foreign Multi Currency STEPS: Click SETUP activity Click ACCOUNTS Click CHART OF ACCOUNT module Select Bank 2 Click EDIT DESCRIPTION rename Bank USD CURRENCY select USD BANK INITIAL enter CITI REMARK enter 123-45678-9 Click ...

    • 1.0. Currency Company Setup

      Company Setup STEPS: Click SETUP activity Click COMPANY DETAILS Click COMPANY module Click EDIT This is to edit the company information Accounting Currency This is the base currency that the accounting General Ledger is work on. Unless you have ...