Currency rate not found

07/05/2016 | 02:28

Created: 07/05/2016

00:00:00 Start : Introduction

00:00:02 Warning message : Currency rate for this month is not found.

00:00:38 It is likely that you have not set the foreign currency exchange rate of USD against SGD for the month of July

00:00:54 Click on Accounts Setup, select Currency rate setting icon

00:01:02 Click on USD tab , followed by [Add] button

00:01:07 Enter the foreign currency, in this case, USD...against SGD, the base currency (functional currency)

00:01:13 Enter the exchange rate for the month of July. Click [Save]

00:01:34 Return back to the sales journal and enter the sales entry again

00:01:44 System do not have the warning message any more. The exchange rate appear automatically in the [Rate] field as 1.4400

00:02:08 It is advisable to preset all currency exchange rate for the new month before you start your daily entry.