Master Records > Currency Code > Set Up Currency Exchange Rate > Update or Delete Currency Exchange Rate

In AccountMate Enterprise, you may edit or delete an existing currency exchange rate record. The changes you make will only affect the transactions that you post after you made the changes.

To update the currency exchange rates, perform the following steps:

1.Access the Currency Exchange Maintenance function from the Currency group under the Maintenance main menu. The Search screen is automatically displayed when this function is accessed showing currency code records regardless of status.

2.Enter in the Search field, the currency code that you want to update. Alternatively, you may also scroll up or down the Search grid to locate the currency code record; then, double-click the code to select. As soon as a currency code is selected, the details are displayed on their respective fields.

3.Click the List box button beside the Target Currency field; then, select the target currency for which you want to update the currency exchange rate.

4.To add a new currency exchange rate entry on the Daily Rates grid:

4.1. Click the Add button to display the Exchange Rate pop-up window.

4.2. In the Effective Date field, accept or amend the default effective date of the exchange rate entry you are setting up. The default value in this field is based on the current system date.

Note: You cannot edit the values in the Effective Date field once the currency exchange record is saved.

4.3. Double-click on your mouse in the Exchange Rate field; then, enter the appropriate value.

Note: The record will NOT be saved if there are two or more entries with the same effective date. There must only be ONE exchange rate entry per effective date.

5.To amend the exchange rate of a previously saved exchange rate entry in the grid, double-click on your mouse in the Exchange Rate field; then, enter the new exchange rate.

6.To delete from the grid the exchange rate set up for the selected currency code, highlight the record; then, click the Delete button in the grid toolbar. In the dialog box that appears, click Yes to confirm deletion; otherwise, click No.

7.To rearrange the grid entries in chronological order, click the Reset to Default button in the grid toolbar.

8.Click the Save Grid Settings button in the grid toolbar if you want to save the current settings of the Daily Rates grid.

9.Click the Save button in the transaction toolbar to save your entries; otherwise, click Cancel to discard changes.

To delete the currency exchange rates, perform the following steps:

1.Access the Currency Exchange Maintenance function from the Currency group under the Maintenance main menu. The Search screen is automatically displayed when this function is accessed.

2.Enter in the Search field, the currency code that you want to update. Alternatively, you may also scroll up or down the grid to locate the currency code record; then, double-click the code to select. As soon as a currency code is selected, the details are displayed on their respective fields.

3.To delete an exchange rate entry from the Daily Rates grid, select the entry; then, click the Delete button from the grid toolbar. A message will display for confirmation to delete. Click Yes to confirm deletion; otherwise, click No. Note however, that exchange rate entries that were used in transactions can no longer be deleted.

4.To delete a currency exchange rate record, click the Delete button from the transaction toolbar. A message window is displayed for confirmation to delete the currency exchange rate record. Click Yes to confirm deletion; otherwise, click No.

Update or Delete Currency Exchange Rate

Update or Delete Currency Exchange Rate

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