Foreign Exchange Rates Overview

Use the foreign exchange rate functions in Eclipse to do business with customers and vendors in a foreign country and handle the currency differences. You can bill foreign customers or pay foreign vendors in their own currency according to the exchange rate in effect on the day the order is processed.

The majority of tasks using foreign exchange currency information are based on tasks that are standard to the Eclipse system, such as printing checks, or making a journal entry. The difference is that you can set the option to perform these tasks in the foreign currency. The important thing to remember is that even though a journal entry is written in a foreign currency or a check is printed with a foreign currency, all information posts to your general ledger in the base currency of your company.

The following tasks allow you to perform business in foreign currencies:

Note: The foreign currency exchange functionality is not currently available in Solar as of this release. Use the character-based system to work with foreign currencies.

To display summary information regarding current currency exchange rates at all times, add a Currency Exchange Rate widget to your Solar Eclipse main window. For more information about widgets, see Widgets and Menu Shortcuts Overview.

See Also:

Accounting Setup Overview

General Ledger Overview

Accounts Receivable Overview

Accounts Payable Overview

Tasks Not Available in Solar