The exchange rate is automatically updated when you record an incoming transaction, if a valid exchange rate is recorded in the Exchange rateform for the selected currency. When you record an outgoing transaction, you can recalculate the exchange rate by specifying a calculation method in the Exchange rate calculationform.

  1. Click General ledger> Journals> General journal> Linesto open the Journal voucherform.

  2. Press CTRL+N to create a new line and enter the required details.

    Note Note

    For more information, see "General journal lines (form)" in the Applications and Business Processes Help.

  3. Click Functions> Exchange rate calculationto open the Exchange rate calculationform.

  4. In the Calculation methodfield, select an exchange rate calculation method.

    • Average exchange rate– The exchange rate for outgoing transactions is calculated based on the average exchange rate defined in the bank parameters form.

    • Daily exchange rate– The exchange rate for both incoming and outgoing transactions is calculated using the exchange rate stipulated in the exchange rate form.

  5. Click OKto run the exchange rate calculation.

See Also