Finance: Rate Source for a company can now be changed
A
Alberina Shala
started a topic
about 2 years ago
Classification: USEFUL
Customers can now modify their RateSource through the Rate Sources tab in the Company (COM) application. A new popup window can be accessed by clicking the Add new ratesource icon located below the grid, on the left side of the page.
In the popup, select a date in the From Date field for when the new setup will take effect in the system. Only start dates of future Accounting Periods can be selected.
After choosing the From Date, select the desired Rate Source from the following available options.
Bloomberg
European Central Bank
Nardowy Bank Polski
Norges Bank
Sveriges Riksbank
For most companies, the primary RateSource will adequately meet the need for exchange rates for all currencies used by the company. However, in some cases, a secondary Rate Source may be necessary when the data provided by the primary source is insufficient for all relevant currencies. To ensure full exchange rate functionality in RamBase, it is important to have a backup option in place. Exchange rate from the Secondary Ratesource will only be used for currencies not supported by the primary source. The available sources for the secondary Rate Source are the same as those for the primary source.
When a new RateSource is entered, transactions made after the From Date will utilize the exchange rate from the new source. Transactions made prior to the From Date will continue to use the exchange rate from the previous source.
To view available exchange rates for each Rate Source, access the Currency menu (CUR) application. From the dropdown menu on the upper right corner, select the desired Ratesource and click on a date to see which currency rates are supported by that source.
Alberina Shala
Classification: USEFUL
Customers can now modify their RateSource through the Rate Sources tab in the Company (COM) application. A new popup window can be accessed by clicking the Add new ratesource icon located below the grid, on the left side of the page.
In the popup, select a date in the From Date field for when the new setup will take effect in the system. Only start dates of future Accounting Periods can be selected.
After choosing the From Date, select the desired Rate Source from the following available options.
Bloomberg
European Central Bank
Nardowy Bank Polski
Norges Bank
Sveriges Riksbank
For most companies, the primary RateSource will adequately meet the need for exchange rates for all currencies used by the company. However, in some cases, a secondary Rate Source may be necessary when the data provided by the primary source is insufficient for all relevant currencies. To ensure full exchange rate functionality in RamBase, it is important to have a backup option in place. Exchange rate from the Secondary Ratesource will only be used for currencies not supported by the primary source. The available sources for the secondary Rate Source are the same as those for the primary source.
When a new RateSource is entered, transactions made after the From Date will utilize the exchange rate from the new source. Transactions made prior to the From Date will continue to use the exchange rate from the previous source.
To view available exchange rates for each Rate Source, access the Currency menu (CUR) application. From the dropdown menu on the upper right corner, select the desired Ratesource and click on a date to see which currency rates are supported by that source.
Release date: Already released