How to Add Trading Currencies
- Select 'Config' from the Back Office home screen
- Select 'Currencies' from the black bar
- Click '+Add Trading Currency'
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Choose the currency from the dropdown i.e. EURO/Sterling
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Enter in the Base Rate, Buying Rate & the Selling Rate
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Click '+Add Currency'
How to Update Conversion Rates
- From the Currencies screen select 'Update Conversion Rates'
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The below screen will then be displayed to you
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Enter the 'Start Date' & fill out the new rates & then press '+Add Conversion Rate'
Rates Explained:
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BaseRate - The rate to use when doing inter-company transfers / determining cost prices / reporting
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BuyingRate - The rate to use when ordering from international suppliers
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SellingRate - The rate to use at the till for the alternative currency mentioned above