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Chapter 30

Currencies & exchange rates

Define the foreign currencies you deal in and their dated exchange rates, and revalue foreign balances. All balances, entries and reports stay in the company base currency — a foreign currency is chosen on an invoice and on a bank account when it is created. A company with no foreign currencies sees no difference at all.

FADx ERP 1.88.31
Currencies, exchange rates and revaluation
Currencies, exchange rates and revaluation

Common workflows

  1. 1

    A currency and its rate

    "+ Currency" (USD) → "Rates" → add today's rate (how much base currency per one dollar).

  2. 2

    An invoice in dollars

    On the sales or purchase screen pick the currency under the total → "Apply". The rate is fixed and printed on the invoice, with the dollar total beside it. On collection enter the dollar amount — the rate difference on the payment day posts as a realised exchange difference.

  3. 3

    Month-end revaluation

    Pick the date → "Preview" → "Record revaluation". Differences on foreign bank accounts are final; differences on open invoices reverse automatically the next day.

Messages you may see — and what to do

  • "No USD rate on date…"

    Add a rate for that day or earlier — zero is never assumed, nor today's rate.

  • "Overriding the rate table needs permission"

    A manual rate on an invoice needs the exchange-rate permission and is logged.

  • "A EUR box cannot take a USD invoice payment"

    Payment goes to an account in the invoice currency or the base currency.

  • "Returns on foreign-currency invoices are not supported yet"

    Fully reverse the invoice and re-issue it.

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