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Exchange Rate

Revision as of 13:21, 20 December 2021 by Gelo (talk | contribs)

Exchange Rate

This maintenance screen allows the users to configure the exchange rate of the specific currency.

Requirements before using Exchange Rate
Exchange Rate Record List
Adding Exchange Rate
  1. Go to Maintenance then click Exchange Rate
  2. Click Add Exchange Rate Button
  3. Fill-up the necessary fields then click Save
Field Description Expected Values
1.Effectivity Rate •The date where the exchange rate changes will be applied •Date
2.Exchange Rate •The amount to be exchanged on the currency •Number
3.Base Currency •The currency to be converted. •Currency List provided by the Currency Maintenance Module
4.Expected Currency •The converted currency from base currency •Currency List provided by the Currency Maintenance Module

Notes:

  • Currency must be on ACTIVE status in order to Add details on the Exchange Rate
    • This can be seen in Currency Maintenance Module
  • Exchange Rate set on the module can also be edited on the transactions in case there are updates in the conversion.
Editing Exchange Rate
  1. Go to Maintenance then click Exchange Rate
  2. Select an Exchange Rate that needs an update. Click the drop-down arrow then choose Edit.
  3. Update the fields then click Save.
Field Description Expected Values
1.Effectivity Rate •The date where the exchange rate changes will be applied •Date
2.Exchange Rate •The amount to be exchanged on the currency •Number
3.Base Currency •The currency to be converted. •Currency List provided by the Currency Maintenance Module
4.Expected Currency •The converted currency from base currency •Currency List provided by the Currency Maintenance Module

Notes:

  • Currency must be on ACTIVE status in order to Edit details on the Exchange Rate
  • Exchange Rate set on the module can also be edited on the transactions in case there are updates in the conversion.
  • The update the Exchange Rate, the user must edit it in the Maintenance Module instead on the transaction.
  • If the user updated the Maintenance module Exchange Rate, the user should also manually edit the exchange rate if the transactions exchange rate is need to be update.
Exchange Rate Record Option
Actions Available base on Exchange Rate Record Status
Status View Edit Deactivate Activate Delete
ACTIVE
INACTIVE

Notes:

  • The user is allowed to edit the details when viewing the record.
  • Activating/Deactivating and Deleting of Records can be done in two ways.
    • For single records, the user may use the drop down arrow then the action that need to perform.
    • For multiple records, the user may tick the records then click the action button that need to perform
      • Click the Yes in the confirmation to proceed on the action taken.
Categories:
Modules
Maintenance Maintenance | Currency | Exchange Rate
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