Exchange rates

International transactions > Exchange rates

Foreign-currency transactions can be recorded for:

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Sales, Receive Payments, and Settle Returns & Credits

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Purchases, Pay Suppliers, and Settle Returns & Debits

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Spend Money, Receive Money, Reconcile Accounts and Nominal Journal entries.

Specifying the exchange rate for a transaction

When entering a transaction, you can either use the default exchange rate for the currency or enter a new rate for the transaction.

To change the exchange rate

1

Calculate the exchange rate first using the Currency Calculator. See ‘Using the Currency Calculator’ below.

2

Click Rate at the bottom of the transaction window. The Exchange Rate window appears.

This will only affect the transaction that is currently displayed.

If you want to change the exchange rate for all future transactions that use this currency, select the Update Current Exchange Rate in the Currency List with Transaction Exchange Rate option.

3

Using the Currency Calculator

If you receive a payment for a foreign currency invoice in your local currency, you can use the Currency Calculator to quickly calculate the exchange rate based on the foreign and local amounts, or to calculate the foreign amounts based on the local amounts and the exchange rate.

To access the Currency Calculator from any window in your AccountEdge Plus: go to the Help menu at the top of the screen and choose Currency Calculator.

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Setting up multiple currencies

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