Setting Up a Foreign Customer / Changing customer currencies


The following help-sheet demonstrates how a Customer can be setup with a Foreign Trading currency.

In this example a 'European' customer will be created

1) Under 'General Ledger,' select 'Country & Currency Maintenance.'

2) On entry to the routine the following screen appears. Note this is an example list of countries provided as standard with your Software Package solution. This list can be adjusted accordingly.

3) To insert a Valid currency rate, click 'Currencies' on the left

4) In this example valid Euro exchange rate is created. Highlight the relevant line entry as shown above followed by clicking on the 'Rates' button (gold coins symbol). The following screen will then be displayed:

5)To create a Valid Exchange rate click on the 'Insert' button. The following screen will be displayed, where you can  enter the dates and exchange rate you wish to set, and click on the 'Ok' button. Note the 'Check Rate' button on the previous screen and the 'Globe' Icon to the right of the 'Rate' textbox launched internet site Xe.com allowing you to check the current exchange rate.

6) The settings entered will save and display. Click on the 'Close' button. The exchange rate for Euro has now been created.

7) Assign the Currency settings to the Customer. Enter the Customer Database and select the relevant Customer, followed by clicking on the Change button. Providing you are 'Approved for Financial Functionality' (See System Functions -> System Setup -> Accounts Interface Settings) you will have access to the 'Financial' Tab as shown below:

9) On selection the following Screen will appear. Enter the relevant Currency and Tax Code as shown below and 'Ok' the changes by clicking the checkmark.