Everything About Currency Management Page – Access, Features, and Adding a New Currency
To access the “Currency Management” page, please follow these instructions:
- Start by clicking on the “Financial” section available in the main system menu.
- You will see the Financial screen that offers a range of options and sections related to finance and financial matters.
- Please search in the top bar of the page for the “Financial Accounts” icon.
- After selecting “Financial Accounts,” click on it to open a new page with various options related to currencies and related matters.
- On this page, you will find a dedicated link to the “Currency Management” page. Click on this link to navigate to the Currency Management page.
Options and Features of the “Currency Management” Page:
The Currency Management page provides users and administrators with multiple capabilities and options for effective control over existing currencies and currency-related actions. These options include:
- Currency Review: This page allows you to examine and review all the currencies registered in the current system. The review displays details and information about these currencies.
- Currency Editing: Thanks to this feature, you can edit and update the details of the registered currencies according to your specific needs. An easy-to-use interface is provided for accurately updating the information.
- Currency Deletion: If there is a need to delete a specific currency from the system, you can do so through this page by following the specified deletion procedures.
The “Currency Management” page is a powerful and essential tool for managing currencies and related matters in the system. By following the instructions and taking advantage of the provided features, users can execute financial actions efficiently and easily, contributing to the improvement of financial management processes.
Explanation of How to Add a “New Currency”:
- Short Name of the Currency: Enter the abbreviated name that represents the currency to be added, for example: “SAR – USD – …”.
- Currency Code: Select the code representing the currency to be added, for example: “$ – SAR – …”.
- Currency Name: Enter the full name of the currency, such as: “US Dollar – Saudi Riyal – …”.
- Currency Minor Unit: Specify the minor unit associated with the added currency, for example: “Cents – Halalas – …”.
- Currency Country: Select the name of the country to which the added currency belongs, such as “United States – Saudi Arabia – …”.
- Automatic Exchange Rate Update: If you wish to activate the automatic exchange rate update feature, you can do so. This will automatically update the exchange rate based on the official currency of the company or organization.
By following these steps and completing the required details carefully, you can easily and accurately add a new currency. This process allows the system to use the added currency efficiently in financial operations and reports.
You can click on the “Add New Record” button to record the details of the new currency and its settings.