Currency Format Window

 

This window appears when you complete your replies in the Accounting Parameters window when multi-currency operation is in use

Note

This window only appears if multi-currency operation is in use.

Purpose

Global 3000 presents information about the exchange rates in enquiries and on printed reports, as the number of units of one currency that equate to a single unit of the other currency. This parameter provides a choice of how 'multi-part exchange rates' are expressed.

 

Multi-part exchange rates are currency conversions that involve more than one exchange rate; for example, converting from a euro sub-currency to an independent currency such as the US dollar. The currency conversion involves two exchanges rates: the fixed rate between the sub-currency and the euro, and the variable rate between the euro and the US dollar.

 

When the exchange rate in this example is displayed in Global 3000 reports and enquiries, it can be expressed in two ways:

§   As the variable element of the multi-part exchange rate:

n.nn euro = 1US dollar.

 

§   As the overall or 'audit' rate:

n.nn sub-currency = 1 US dollar.

Note

This parameter does not affect the way exchange rates are entered and displayed in the exchange rate tables or when entering transactions.

The prompt is:

Use audit exchange rates

(Y/N.) Enter Y if you want Global 3000 to express multi-part exchange rates in enquiries and reports as audit rates. Global 3000 always derives the audit rate from the two currency values involved in the currency conversion.

 

Enter N if you do not want to use audit rates in Global 3000 reports and enquiries. This means that when a multi-part exchange rate is displayed in enquiries and reports, only the variable element of the two or more exchange rates involved is displayed.

On completion

Þ Administration Parameters Menu.