Posting Journal Entries in Foreign Currencies

Although any program in the system that creates or modifies a transaction of any financial significance updates the general ledger, there are occasional times when you need to make an entry directly to the general ledger. Use the Journal Entry screen to make entries directly to the general ledger in a foreign currency.

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 post journal entries in a foreign currency:

  1. From the G/L menu, select Journal Entry to display the Journal Entry screen.

  1. Use the Currency Exchange ($) hot key to display the Currency Exchange screen.

  2. In the Currency field, press F10 to select from a list of currencies.

The current exchange rate, based on the currency you selected, displays in the Exchange Rate field. For example, if you selected Pound, the Exchange Rate field would display 1.6000. This means that the current exchange rate is now 1.6 dollars per Pound.

  1. Continue with posting a journal entry in a foreign currency by following the procedure for Posting Entries to G/L Accounts.

See Also:

Tasks Not Available in Solar

Doing Business in Foreign Currencies Overview

Foreign Exchange Rates Overview