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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. |
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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. |
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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. |
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§ 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. |
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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 |