Page Comparison

Insert excerptVeslink IMOS Platform DocumentationVeslink IMOS Platform DocumentationnopaneltrueHome > Financials > Exchange Rates

...

The Exchange Rates form lists the currency conversion, or exchange, rates used in financial transactions. Exchange  Exchange rates have an Effective Date; they should be updated either manually or automatically (via an external exchange rate feed) to avoid applying outdated rates to newer invoice transactions. The default base currency used is the US dollar (USD).

Note: Veson Nautical can set up an exchange rate feed, if your organization does not currently have one. For more information, contact Veson Nautical via the Help Center.

To access the Exchange Rates form, do one of the following:

• On the Financials menu Image Modified, under Setup, click Exchange Rates.

• On the Data Center menu Image Modified, under Currencies, click Exchange Rates.

...

Changing the Base Currency

...

Adding an Exchange Rate

To add an exchange rate:

1. Add or insert a row.

2. In the Cur field, press Enter to open the Currency Types form and then select a currency.

3. Enter the Current Rate of Exchange. When you save the form, Effective Date populates with today's date. Any transactions that take place on or after this date use this rate.