1. Click Bank> Setup> Parametersto open the Bank parametersform.

  2. Click the Banktab.

  3. In the Exchange differences typefield, select the calculation method for exchange rate differences from the following options:

    • None– The exchange rate for outgoing bank and cash transactions is not calculated; users must enter the exchange rate for all transactions. The exchange adjustment uses the average valuation method.

    • FIFO– Calculates the exchange rate for all outgoing foreign currency bank and cash transactions using the First In First Out method.

    • Average– Calculates the exchange rate for all outgoing foreign currency bank and cash transactions using the Average method.

    • LIFO– Calculates the exchange rate for all outgoing foreign currency bank and cash transactions using the Last In First Out method.

  4. Press CTRL+S or close the form.