Currency Converter
Currency Converter is a useful tool which allows a certain amount of one currency to be converted into another currency, using up to date currency values. Each currency has its own currency and the standard foreign exchange rate for each currency varies day to day.
For Example: 1 Dollar = approx .73 Euro and this conversion rate change frequently. Company has to do the transactions according to the conversion factor that exist between the primary currency and secondary currency on that particular date. Hence, for this purpose, DRPU Financial Accounting facilitates with Currency Converter feature to set the conversion rate for various currencies for particular date.
To use currency converter tool, click on “Masters > Currency > Currency Converter”, the following screen will be appeared:
Currency Converter screen contains the following fields:
- Primary Currency: Select the primary currency for the company.
Primary Currency is that currency which is to be entered during company creation.
- Secondary Currency: Select the secondary currency in which the exchange rate of the currency which is to be converted.
Secondary Currency is that currency in which business transaction will be done.
For Example: 1 Dollar = .73 Euro Approx.
After entering all the details, click on “Save” button to save the information.
The following buttons are used in Currency Converter Form:
-
Add: To add new entry.
-
Save: To save the data.
-
Cancel: To cancel particular operation.
-
Edit: To edit existing records.
-
Delete: To delete the record.
-
Exit: To exit from current window.
-
List: To generate a list of all existing records.
If you want to view the detail of currency converter then select that currency from the list and press Enter or Double click. |
