Setting up Currency Types and Exchange Rates

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BEST PRACTICE
Setting up Currencies and Exchange Rates
Select DATABASE  CURRENCIES
Select NEW or PROPERTIES
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X:\YDSWM Inc\POS Departments\BEST PRACTICES\2012\YDSWM RMS Best Practice - Setting up Currency Types and Exchange Rates.docx
Description: Enter a name by which the currency can be referenced. For example, "US CASH".
Code: Enter an ID associated with the currency.
Conversion rate: Enter the applicable conversion rate of the currency.
Exchange rate: Enter the applicable exchange rate of the currency. This option is especially relevant if your
store accepts foreign currencies. The specified exchange rate is used to convert the tendered amount in
foreign currency to local currency.
Locale: Use the drop-down list box to select the place that uses the currency as a standard. For example, if you
created a currency for the Dollar, you could select English - United States.
After setting up the CURRENCY you must use the Tender Types command to assign the currency to the
applicable tender types. If no currency is defined, Store Operations will use the default currency, which is the
currency defined in your Windows setting. Whenever you modify data on this window, Store Operations
automatically displays a sample of how the currency will be displayed.
Select DATABASE  TENDER TYPES
Select NEW or PROPERTIES Choice depends on whether this is adding a new Tender Type or modifying an
existing Tender Type.
Make sure you select the correct currency
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X:\YDSWM Inc\POS Departments\BEST PRACTICES\2012\YDSWM RMS Best Practice - Setting up Currency Types and
Rates.docx
Exchange
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