Working with Software Modules

Currency Management

Currency Converter is used to convert amount of one currency in to another currency by using up to date currency values. Each country has its own currency and the foreign exchange rate for each currency varies day to day.

For Example: 1 Euro = approx .1.58 Dollar and the conversion rate varies frequently. Company has to do the transactions according to the conversion factor that exist between the primary currency and secondary currency on that particular date. Hence, for this purpose, DRPU Financial Accounting Software facilitates with Currency Converter feature to set the conversion rate for various currencies for particular date.

To use currency converter tool, click on “Masters > Currency > Currency Converter”, the following screen will be appeared:

Currency Converter screen contains the following fields:

• Primary Currency: Select the primary currency for the Company.

Primary Currency is that currency which is to be entered during Company creation.

• Secondary Currency: Select the secondary currency in which the currency is to be converted.

Secondary Currency is that currency in which business transaction will be done.

• Conversion Rate: Enter the conversion rate of primary currency in terms of secondary currency.

For Example: 1 Euro = Approx 1.58 Dollar.

After entering all the details, click on “Save” button to save the information.

This screen contains the following buttons:

• Add: To add new entry.

• Save: To save the record.

• Cancel: To cancel particular operation.

• Edit: To edit existing records.

• Delete: To delete the record.

• Exit: To exit from current window.

• List: To display a list of all existing records.

To view currency converter detail, select the currency from the list and press Enter or Double click.