Multicurrency: Currency Screen for Deposits

Exchange payment currency to deposit currency

From this section, you can edit the payment currency of the deposit as well as select the exchange rate used to covert the payment currency to the bank account’s currency when the currencies are different.

Total linked payments

Displays the total amount of payments linked to the deposit.

Payment currency

When you add a deposit, you can select the payment currency. Only currencies available for the account system associated with the bank account appear. On the Edit deposit screen, Payment currency displays the currency you selected, but you cannot edit this information.

Exchange rate

Select the exchange rate to use to convert the payment currency to the bank account’s currency. The exchange rates available as of the deposit date for each exchange rate source appear. If you select Spot rate, enter the exchange rate to use.

If the payment currency is the same as the bank account’s currency, the Exchange rate field is disabled.

Exchange bank account currency to base currency

From this section, you can edit the exchange rate used to covert the bank account currency to the base currency of the account system associated with the bank account, if these currencies are different.

Deposit amount

Displays the total amount of the deposit’s linked payments converted to the bank account currency.

Bank account currency

Displays the currency associated with the selected bank account.

Exchange rate

Select the exchange rate to use to convert the bank account amount to the account system’s base currency. The exchange rates available as of the deposit date for each exchange rate source appear. If you select Spot rate, enter the exchange rate to use.

Base amount

Displays the bank account amount converted to the base currency of the account system.