Exchange Rate

Maintenance | Currency

Exchange Rate

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

Requirements before using Exchange Rate

• The user should setup the following Maintenance Module in order to proceed on using the Exchange Rate
  1. Currency

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.
  • The following modules that can be applied by exchange rate are the following
    • Import Purchase Order
    • Accounts Payable
    • Debit Voucher
    • Payment Voucher

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.