Example: An Irish Business Accepting Payment in Euros and Pound Sterling

1. Open the Settings menu and choose Currency.

The Currencies window appears.

2. Set æEuroÆ as your base currency, using the drop-down list.

3. Select Pound Sterling (number 1 on the list) and click Edit.

You now have to enter the exchange rate for euros into pound sterling in the æ1 euro =Æ box.

Because the exchange rate fluctuates, you must agree a rate or set a time (e.g. the open or close of the dayÆs trading) with your customers to enter an up-to-date exchange rate. You must enter this figure following the steps 1 and 3, when you receive the payment.

4. To save your changes and exit, click OK, or to exit without saving click Cancel.

You have now fixed the exchange rate.