Currency
10.0. Multi Currency Report
Re-Valuing Bank Amount Note that the Local Amounts shown for your Foreign Bank Balance, Balance Sheet, and other reports are calculated based on your document transactions exchange rates. Hence, it should NOT be taken as the current valuation. As ...
9.0. Accounts Payable in Foreign Multi Currency
Making a USD deposit to Supplier STEPS: AMOUNT enter 1,000 USD BANK RATE check if it’s 1 PAYMENT AMOUNT check for 1,000 Click ADD Close module STEPS: Click REPORT activity Click AR/AP Click STATEMENT OF ACCOUNT module BUSINESS PARTNER select ...
8.0. Funds Transfer between Banks
Funds Transfer between Banks STEPS: Click PURCHASES activity Click PAYMENT module Click NEW DATE select 10 Jan 2012 PAYEE TYPE select Bank PAYEE enter Your Company Name MODE select UOB Bank For Mode, note that this will be the where the funds will be ...
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 ...
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 ...
3.0. Currency Registration
Understanding Multi Currency Registration STEPS: Click SETUP activity Click ACCOUNTS Click CURRENCY module Click NEW CODE Unique Code ISO CODE This code is mainly use for IAF data generation Name Currency Name use in Amount in words translation ...
2.0. Displaying Accounting and Local Multi Currency
Displaying Accounting and Local Multi Currency at Module STEPS: Click SALES activity Click INVOICE module Click NEW This is to edit the company information Move mouse to detail header Right-Click Select EDIT COLUMN Right-Click Select HIDE/UNHIDE ...
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 ...