To setup and maintain Currency Codes go into File>Financial Configuration>Currency Codes and enter the foreign currency. Note that your home currency should not be entered because linked accounting systems require no currency code for local currency. Against each currency you can enter the currency symbol and that will be used throughout Ostendo, viz $US, $NZ, $AU. For currency symbols that are not $, set your keyboard with ‘Numerics Lock’. Using the enabled numbers due to the Numerics Lock being on (ie NOT the numbers 0 to 6 on the top row of the keyboard) you should place the cursor where the symbol is to appear and then - holding down the ‘Alt’ key - enter
- 0128 for the Euro (€)
- 0163 for the Pound (£)
- 0165 for the Yen (¥)
It is essential to maintain the standard exchange rates on each currency in conjunction with the accounting system, according to company policy on managing exchange rates as set in the Standard Operating Procedure for your company. This default rate can be overridden on specific transactions. A new record should be added into Ostendo for each change of default exchange rate. Do not simply override the Exchange Rate. Ostendo uses this for calculating the current local currency value vs the original local currency value of foreign currency Aged Receivables.
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