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Multi-Currency Support


!EnBank can, by way of an extension, support multiple currencies. With the multi-currency extension enabled you can post, manage, analyse and display your accounts in any currency you choose.

Currencies and Exchange Rates are themselves maintained via the separate Currency & Exchange Rate Maintenance program: !EnCurr. For more information on Currency Services please refer to the separate multi-currency documentation, available here.

!EnBank requires V2, or later, of the Currency Services.


Currency Terminology

Currencies are used for a number of purposes which are:


Display Currency

Where the information displayed in a view is only meaningful when presented in a common currency, Display Currency is used. The following views employ Display Currency:

The Display Currency can be changed via the Display Currency Options Dialogue.


Display Currency Options Dialogue

Note: Display Currency options are saved when the settings for a view are saved.


Currency Fields

Select, from the pop-up menu, the Currency Code representing the currency the display values are to be presented in.

The Exchange Rate Type determines, Base Currency Model only, the type of exchange rate used to convert values from Base Currency to Display Currency.


Conversion Date

The date used to obtain exchange rates to convert to Display Currency.
You can:

For items, such as Accounts, that do not have dates: current time is used.


Currency Total Summary

The Currency Total Summary shows a breakdown of the parent views total value by currency.

The Value column shows the accumulated values for the currency in Display Currency, while the Local column shows the value in Local Currency.

Currencies marked with an asterisk reflect the accumulated values in Converted Account Currency. That is, the value was converted to Display Currency from Account Currency and not from the Local Currency the transaction was posted in.

Exactly how transaction values are converted to Display Currency depends on your currency choices.


Changing Account Currency

Changing Account Currency requires that all Verified Transactions, for the modified accounts, be converted to the new Account Currency. Exactly how Verified Transactions are converted to the new Account Currency is controlled via the Verified Transaction Conversion Dialogue, the default is to convert from the old Account Currency using a specific date for all transactions.

The Verified Transaction Conversion Dialogue is shown in automatically in response to changes in an Account's currency. An Account's currency can change in one of two ways:

Changes in Base Currency are detected when !EnBank is loaded and affect all Base managed Accounts.

Note: It is not possible to change your Base Currency while !EnBank is loaded.


Verified Transaction Conversion Dialogue

This dialogue results from changes in Account Currency.

If any Transactions fail to convert to the new currency then the change in Account Currency is aborted. If the change is due to a change in Base Currency, then it will be necessary to resolve the currency issues before you can enter !EnBank.


Convert From Field Group

You can convert from either:

When converting from Old Account Currency you may specify an alternative Exchange Rate Type to that originally stated on the Account. It is the Transaction Value in Converted Account Currency that is converted to the new currency.

Converting direct from Local Currency is more suited to administrative changes than changes in actual Account Currency. It is the original Local Currency Value that is converted to the new currency.


Conversion Date Field Group

Exchange Rates may be retrieved for either:

Using the Transaction Date to retrieve the exchange rate is more suited to administrative changes than changes in actual Account Currency. If transactions are converted using both Local Currency and Transaction Date then the results will appear as if the modified Account had always been managed in the new currency.


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