Euro Calculator Example 1: You receive an invoice from your suppliers in euros

You receive an invoice from your suppliers in euros. Your base currency is pounds sterling. You need to record the invoice in your base currency to ensure that your accounts are correct. To do this you can use the euro calculator.

1. Ensure that your currencies and exchange rates are set up correctly and that your base currency is set to pounds sterling.

2. From the main toolbar, click Suppliers.

3. From the Suppliers window, click Invoices.

4. From the Batch Suppliers Invoices window, enter the following invoice details as you would normally:

A/C, Date, Ref, Ex Ref, N/C, Dept, Details

5. In the Net text box, enter the net amount of the invoice. This figure is in euros. You now need to convert this to your base currency, pounds sterling.

6. With your cursor in the Net text box, press the F5 function key.

The euro calculator appears showing the figure you entered in the Net text box.

7. From the drop down list, select the currency you are converting from. In this example, select euro.

The converted value appears in the To text box. This shows the value in your base currency.

8. To copy this figure back to the Batch Supplier Invoices window, click OK.

You have now converted your invoice from euros to pounds sterling.

9. To accept your entries click Save. The details are æpostedÆ instantly to update the Nominal Ledger and the relevant supplierÆs details.

If you don not wish to save this batch, then click Discard to clear the data and start again. The Discard button does not cancel any batch details you have already saved.