Exchange Rates

• You must create exchange rate pairs for all exchange rate Currencies you want to track e.g. GBP -> EURO .

  

• Exchange rates are referenced at the point of Document entry. The document exchange rate will be defaulted based upon the prevalent rate at the document Tax date.

• All documents will record an exchange rate between the document currency and the Legal Entity base Currency.

• On cash book documents, there will also be an exchange rate recorded between the bank account currency and the Legal Entity base currency.

  Tip

  Subject to access permissions, exchange rates can be manually adjusted at document entry.

  

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Updated January 2025