back to How to... Rental
menu path : [maintenance, currencies, currencies]
Activate currencies
e-Financials supports automatic currency conversion for foreign currency transactions. By default, several ISO currency codes are installed, but are not active.
To use the currencies, you will have to enable the following currencies:
All primary currencies used by your divisions.
The corporate reporting currency. This is the default corporate currency used on management reports.
Other currencies that are used in the transactions.
Make sure currency Euro (EUR) is set to active as well
How to activate currencies
In Financial, go to [Maintenance, Currencies, Currencies]
Change the Status to "All" to view all currencies
Select the desired currency by clicking on the currency code. For example : ADP
Click on "Edit" button to edit the data
Check the "Active" box to activate the currency.
Finally Click "Save" to save the changes.
Creating new currencies
If you require currency that is not available in the list of default currencies, e-Financials allows you to create new currency. To create new currency, take the following steps:
Click on "New"
Fill in the fields accordingly and click "Save".
Fields with the mark are mandatory fields and must be filled.
Explanation of the fields and what it is used for.
Exchange Rates
The exchange rates are used to calculate the reporting currency during the importing and validating of financial transactions into e-Financial. You can enter the exchange rates by periods or daily.
To enter exchange rates, take the following steps:
Change the Status to "Active" to view the active currencies
Select the desired currency.
In the Exchange rate section, Select either Period or Daily.
Fill in the necessary data and Click "Save".