Currencies

Reference: List

This is a list of all available currencies that have been defined. As you click on each of the Currency codes in the list, the details of that currency will be shown on the right.

When you want to edit or delete one of the currencies, select the entry in the list and click on the Edit or Delete buttons.

Reference: Text, Read Only

This is the Currency that Accentis Enterprise recognises as being the local area currency. All currencies other than the local currency are considered to be foreign currencies.

Reference: Text(3), Mandatory

This is the code given to the Currency and will be used to refer to the currency throughout Accentis Enterprise.

Reference: Text

The single character sign used to denote this currency, such as $ (Dollar), ¥ (Yen), € (Euro).

On selected reports, and in particular when this is for your database's native currency, you will see this sign used in front of numeric values or on column headers. It can be any ASCII character, however, keep in mind that on printed reports, the font selection may not support all characters. It's best practice to choose a character this is most-commonly used.

Reference: Quantity, Mandatory

This is the current rate of exchange for the local currency against the specified currency.

The exchange rate is used as the basis to determine amount in foreign currency given a local currency amount.

For example, $10 in local currency would be equal to $12.50 in a foreign currency given an exchange rate for the foreign currency of 1.25. This can be calculated using the equations:

Foreign currency amount = Local currency amount * Exchange rate

Local currency amount = Foreign currency amount / Exchange rate

Exchange rate = Foreign currency amount / Local currency amount

Reference: Account, Mandatory, QuickList

When transactions are completed between an account of this currency and a local currency account, a way is needed to keep track of the profit or loss that has been incurred due to the exchange between these different currency accounts. The profit / Loss on currency exchange account is the account in which these profits or losses will be stored.

Reference: Memo, Expandable

These are any general details relating to the currency.