Currency Settings



You have complete flexibility to specify the world currencies in use in your enterprise and the exchange rates applicable at any moment in time.

In IT Asset Management, every monetary value has an attached currency. You can use any supported currency (which includes many from around the world), and you can express your preferences for currencies at different levels:

• * The default currency for your enterprise (if your enterprise uses only one currency, then that one is the enterprise default currency).
• * The other currencies are activated for use within your enterprise. This is a subset of all the currencies in the world for your administrative convenience.
• * The preferred currency for each individual operator (which must be one of your active currencies). For example, an operator in Illinois may prefer all values in US dollars, while another in Paris prefers euros, and a third in India prefers rupees. Each operator can view each individual transaction displayed in the currency of their choice.
• For any individual editable value, you may override both the enterprise default and the operator's preference, and enter the value in any one of your active currencies specified for this data entry field only.

Every recorded monetary value, therefore, needs an applicable exchange rate that allows it to be expressed in the correct equivalent of dollars, euros, rupees, or other currency. Exchange rates are specified in sets of all the active currencies you use, compared at a given moment to one that you select as the reference currency (typically the same as you use for your default currency). You can record as many exchange rate sets as you need, and every monetary value can be associated with any one of those exchange rate sets.

Currency Exchange Rates

When you set the desires currency as the main currency, it remains remembered for each subsequent conversion.



When you want to convert to another currency, all you have to do is select the currency you want to convert from the drop-down menu (your currency will remain predefined from before). For the initial adjustment, it is necessary to enter the selling and buying exchange rates of the desired currency, in relation to your primary currency. Each time you select that currency, all fields will be filled in automatically.