Setting up use of a Foreign Currency

 

To setup your LAjit system to use Euro or any other Foreign Currency, navigate to:

Financials>Preferences>Currency Setup

 

Step 1 – Navigate to the Currency Setup

 

 

Step 2 – Currency screen

 

Step 3 – Select Euro from the drop down box

 

Step 4 – Submit your new currency

 

Next, you’ll see the Euro added to the Currency list.

Step 5 – Currency list

 

To add a rate to the Euro, click on the waffle.

Step 6 – Add a currency rate

 

 

Step 7 – Click on the Rates link

 

Step 8 – Add a rate

 

Here, you can enter your rate information.

Step 9 – Enter and Submit the rate information

 

Next, we need to update the account line(s) in the Chart of Accounts.

Navigate to Financials>Accounts>Chart of Accounts

Step 10

 

Click on your Corporate Accounts link.

Step 11

 

 

Step 12

 

Step 13 – Chart of Accounts; setting up an account to use a foreign currency.

Step 14 – Chart of Accounts; setting up an account line for foreign currency.

Click here to continue on to How To Setup A Bank Account for a Foreign Currency