Working with Currencies and Exchange Rates
Currencies preserve a transaction's original value alongside its base-currency equivalent.
Configure currencies
Choose one base currency, then activate other currencies and set their symbols and display precision.
- The base currency cannot be deactivated or deleted.
- Each currency code is unique within the company.
Manage rates
Record a rate with its effective date; the system uses the latest rate on or before the entry date.
- One direction is enough because the inverse can be used automatically.
- Debit and credit values are calculated in the base currency.
Revaluation
Preview foreign balances at the period-end rate, then post the unrealized gain or loss.
- Only posted entries through the revaluation date are included.
- A non-cancelled revaluation cannot be repeated for the same date.
