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Use the Base / Non-Base Relationship screen to set up a relationship between currencies. The system requires that you create a relationship if using exchange rates between two currencies. This relationship links the base currency and the non-base currency and controls currency conversions.
Click Exchange Rate to edit the currency exchange rate.
Opens from Currency Relationship List MAGC.
You can use the tolerance percentage and tolerance amount to ensure that the entered base and non-base values are within acceptable limits.
In Tolerance Percentage, enter a value from 0 - 99.99 . You can use this value in conjunction with the Tolerance Amount to ensure that entered base and non-base values fall within an acceptable limit. To calculate the tolerance percentage, the system performs the following calculation:
(Entered Base - Actual base) X 100 / Actual Base
Where the Actual Base represents the entered currency amount divided by the exchange rate.
In Tolerance Amount, enter a value from 0 - 99999.99 that the system uses with Tolerance Percentage.
Because you cannot always convert currencies in direct units, the system lets you use a tolerance percentage and amount to ensure that the base and non-base values fall within an acceptable limit. For example, if you have a tolerance percentage of 1.00% and a tolerance amount of 1.00 between Euros and US dollars, the system validates the entries in data entry, as follows:
Entered Base |
Entered Non-base |
Exchange Rate |
Actual Base |
Variance % |
Variance Amount |
157 |
283 |
1.8 |
157.22 |
0.14 |
0.22 |
50 |
89 |
1.8 |
49.44 |
1.13 |
0.56 |
390 |
700 |
1.8 |
388.88 |
0.29 |
1.12 |
If not described elsewhere in this topic, click in the field and press F1 to view a description. See Common Fields for more information.
Fast prompt allows you to quickly view a list of options for certain fields.
See Using the Command Line on opening the screen without going through the menu.
See also
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© Advanced, Jan 2021 |
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