Two Currency option
Introduction
The Two Currency option is available to extend the functionality of the Single Currency versions of Access Accounts.
It may be implemented when the system is first set up, or applied at a later date as an upgrade.
Once applied (by re-registering the application with a new Unlock Key), you will be able to create a second Trading Currency.
This second currency may be any currency you wish, including the Euro (EUR).
An Exchange Rate is maintained between the Home currency and the second Trading Currency.
Full currency facilities are available for the extra currency, as in the Multi currency system, including default currency settings for Customers, Suppliers, Stock items and Nominal Accounts.
2nd Base cannot be used.
Upgrades
Existing Data sets can be upgraded from single-currency to two-currency by:
Re-registering the application with a new Unlock Key for this option. You can obtain more details of this from your Support Provider.
Setting up a second Trading Currency in Currency.
Upgrading to full Multi-Currency
At any time, you can upgrade to full Multi-Currency by re-registering the application with a new Unlock Key. This gives you the ability to add and use any number of Trading Currencies.
Currency unlocks
Single Currency unlock –
All records and transactions use the Home Currency only.
All VAT Codes, Rates and VAT status are available.
Two Currency unlock –
A second currency can be created and records and transactions use one of the two currencies.
All VAT Codes, Rates and VAT status are available.
2nd Base only unlock –
All records and transactions use the Home Currency only, but a 2nd base value is saved down using the 2nd Base Currency and rate.
All VAT Codes, Rates and VAT status are available.
Multi Currency unlock –
Unlimited currencies can be created and used on records and transactions.
All VAT Codes, Rates and VAT status are available.