Default Rate types are used to default the rate type on a transaction to get the value of the transaction in the functional currency. The rate type will be used to default a rate for the currency pair of a transaction. For example: The functional Currency of your company is USD and the transaction you are entering is CAD - the rate type for a CAD to USD conversion will be used to find the appropriate rate for the transaction.
- Log in as Admin user
- On user’s menu panel, go to System Manager folder then click Company Configuration
- Click the Multi Currency tab on System Manager module
- Select the rate type for Each module.
Note:
To see how to setup rate types click here
Overview
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