Euro Calculator Example 2: You receive a payment in Irish punts

You receive a payment in Irish punts. Your base currency is euro. You need to convert the payment into euros before you can allocate it against the outstanding balance.

1. Ensure you have entered the correct currency details and that you have selected euro as your base currency.

2. From the main Sage Line 50 toolbar, click Bank.

The Bank Accounts window appears.

3. From the Bank Accounts window, click Customer.

The Customer Receipt window appears.

4. In the A/C box enter the account code of the customer you require. All items that you have invoiced the selected customer for, which are not fully paid, appear automatically in the table.

5. Enter the Date and Ref as you would normally.

6. Enter the amount you have received as payment from your customer. This figure is in Irish punts. You now need to convert this to euros before you can allocate you payments.

7. With your cursor in the Amount field, press the F5 function key.

The euro calculator appears showing the amount in Irish punts. You need to convert this figure into euros before you can allocate the payment against the outstanding balance.

8. From the drop down list, select the currency you are converting from. In this example, select Irish punts.

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

9. To copy this figure back to the Customer Receipts window, click OK.

You have now converted your payment from punts to euro.

You can now allocate the payment as you would normally.