Select a payment currency and exchange rates for a deposit

1. From the Add a deposit screen or the Edit deposit screen, select Currency and exchange rates next to the Payment currency field. The Currency screen appears.

   Tip: By default, the deposit’s currency is the currency associated with the selected bank account.

   Under Exchange payment currency to bank account currency, the Total linked payments field displays the total amount of payments linked to the deposit.

   1. In the Payment currency field, select the currency to associate with the deposit. When you link payments to the deposit, only transactions in the currency you select appear on the Link multiple payments screen.

      Note: The Payment currency field is enabled only on the Currency screen you access from the Add a deposit screen. Once you create a deposit, you cannot change the deposit’s payment currency.

   2. In the Exchange rate field, select the exchange rate to use to convert the total payment amount to the bank account’s currency when the currencies are different. The exchange rates available as of the deposit date for each exchange rate source appear. If the payment currency is the same as the bank account’s currency, this field is disabled.

      Under Exchange bank account currency to base currency, the Deposit amount field displays the total amount of the deposit’s linked payments converted to the bank account currency. The Bank account currency field displays the currency associated with the selected bank account.

   3. In the Exchange rate field under Exchange bank account currency to base currency, select the exchange rate to use to convert the amount in the bank account’s currency to the base currency of the account system associated with the bank account.

      The Base amount field displays the bank account amount converted to the base currency of the account system.

2. Select OK. You return to the Add or Edit deposit screen.