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Currency Exchange is configured in Setup / Finance / Currency Exchange / Currency Exchange |
Guides in this article:
Overview
Currency exchanges contain exchange rates which are used when charges on one account are applied to another account (for instance, a child account is setup in USD and the account's charges are invoiced to its parent account which is billed in GBP). The default currency of the owner is indicated within the currency exchange settings on this screen and is configured on the owner configuration screen.
Only one currency exchange can be active at a time (the exchange with the most recent Effective Date) but previous (expired) currency exchanges can be selected when executing a bill run in order to allow accounts to be billed using historical exchange rates.
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In order to configure exchange rates for currencies the currencies must be configured on the owner on the owner configuration screen.
Currency Exchanges Panel
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The information in this panel reflects the currently selected currency exchange. From here you can change the exchange's details (fields will display a red left border if a value is required and purple text if the field is read-only and cannot be modified).
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