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This article applies to:

  • Product: Digita Accounts Production Advanced

Convert local to foreign currency

  1. Open the
    Journal
    .
  2. In the
    Journal
     window, select
    More
    .
  3. Mark the
    Currency Conversion
     checkbox.
  4. Select the ellipsis button next to the
    Currency Conversion Account
     field.
  5. Choose the account where you will assign currency gains and losses or add a new account, then select
    OK
    .
    note
    For example, you might choose the
    364.00 Foreign currency (gains)/losses account
    .
  6. Back in the
    Journal
     window:
    1. Go to the row of the grid where you want to convert an amount of currency.
    2. Select the cell in the Conversion column.
    3. Select the ellipsis button that appears in this cell.
  7. In the
    Select Currency Conversion
     window that opens, select
    Add
    .
  8. In the
    Add Currency Conversion Rate
     window, enter the
    Currency
    ,
    Description
    , and conversion
    Rate
    .
    note
    For example, you might enter
    €
     in
    Currency
    ,
    Euro
     in
    Description
    , and
    1.12
     in
    Rate
    .
  9. Select
    OK
    , then
    OK
     again to return to the Journal window.
  10. Select the currency that now appears in the cell in the Conversion column.
    Accounts Production Advanced will use the conversion rate to convert the Original Debit and Original Credit amounts and display them in the Reporting Debit and Reporting Credit columns.