Defining a Currency

To define a currency

1 Start the Currency Table Edit process.

The default location of this process is the Acquisitions\Acquisitions Setup folder on the navigation bar.

Horizon opens the Table Editor and displays the List Currency window.

2 Click New to display the Edit Currency window.
3 Enter a code for the currency you want to define in the Currency field.
4 Enter a description of the currency in the Description field (for example, “Canadian Dollars”).
5 Enter the number of places to the right of the decimal point to display amounts for the currency.

Most currencies use two decimal places, but others use more.

6 Enter the currency’s exchange rate in the Exchange Rate field.

Important: Be sure to enter the rate of exchange used to convert amounts in the foreign currency to your currency, not the other way around.

7 Save your changes.
8 Repeat steps 2–7 for each additional currency you want to define.

 


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