Use this window to define currency settings.
To open this window, choose
.Enter a code of up to three characters for the currency, for example, USD, EUR. Recommendation If you use the Payment Engine add-on, we strongly recommend that you use internationally agreed-on code abbreviations, as a way of ensuring that banks accept the bank file created by Payment Engine. End of the recommendation. |
Specify the currency name. This name appears in the dropdown boxes of various windows pertaining to currency. |
Enter an international code to represent the currency in printed checks, for example, $, €. |
Enter the international name of the currency and the name of its decimal unit. The information is required for printing checks in this currency, so that the numerical amount can be represented in words. |
Specify the English name of the currency and the English name of the currency’s decimal unit. This information is required for printing checks in this currency, so the numerical amount can be represented in words. |
For a specific currency, specify the maximum amount allowed for incoming payment differences. Enter 0 or an amount greater than 0. Note The field is enabled only if the amount in the Incoming % Diff. Allowed field is zero, or if the field is blank. End of the note. |
For a specific currency, specify the maximum amount allowed for outgoing payment differences. Enter 0 or an amount greater than 0. Note The field is enabled only if the amount in the Outgoing % Diff. Allowed field is zero, or if the field is blank. End of the note. |
For a specific currency, specify the maximum percentage allowed for incoming payment differences. Enter 0 or an amount greater than 0. Note The field is enabled only if the amount in the Incoming Amt Diff. Allowed field is zero, or if the field is blank. End of the note. Note The base amount for the percentage calculation is the total amount paid, which is the sum of the amounts entered in the Payment Means window. End of the note. |
For a specific currency, specify the maximum percentage allowed for outgoing payment differences. Enter 0 or an amount greater than 0. Note The field is enabled only if the amount in the Outgoing Amt Diff. Allowed field is zero, or if the field is blank. End of the note. Note The base amount for the percentage calculation is the total amount paid, which is the sum of the amounts entered in the Payment Means window. End of the note. |
This column appears only if the selected rounding method is By Currency. Select one of the following options:
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Select the required decimal rounding for each currency. The selected option affects the Price, Line Total, and Document Total fields. If you select Default, the decimal display is determined by the parameters entered in tab.Note After journal entries are posted, you can only increase the number of decimal places. Each change is irreversible. End of the note. |
Select to round values in payment documents. |
Specify the plural form of the currency’s international name and the plural form of the currency’s hundredths unit name. This information is required for printing checks in this currency, so the numerical amount can be represented in words. |
Specify the plural form of the currency’s English name and the plural form of the currency’s decimal unit name in English. This information is required for printing checks in this currency, so the numerical amount can be represented in words. |
Select to determine that the currency is subject to ISR calculation. |