Do you use Exact Online and do you do business outside the eurozone? Odds are that you need to add and monitor exchange rates. You can monitor exchange rates manually, by importing an XML file or through an automated link.
Reading in exchange rates through an automated link
If you want to fully automate the process so you won’t have to worry about it anymore, opt for automatic exchange rate read-in. In this case, you won’t need to import any files. The read-in process simply uses the automatic iQurrency link. This online service automatically updates currency exchange rates daily in Twinfield and Exact accounting systems.
If you use an automated link, the process of updating exchange rates will be fast and flawless. Thanks to a link to the ECB and OER (Open Exchange Rates), over 200 currency values are supported.
iQurrency in 2 minutes
You can test iQurrency in Twinfield through a 1-month, free trial. Don’t like it? You can cancel free of charge. Testing the programme is very easy, as you can link your accounting system(s) within minutes and there are no installation and start-up fees.
This it how it works
Not quite ready for this automated solution?
You can also adjust exchange rates manually or using an import
Manually adjusting exchange rates
You can manually add and adjust foreign currencies in Exact Online. To do so, navigate to the exchange rate screen.
Take the following steps: Finance > Analysis and results > Currencies > Exchange rates. Here, you can select the exchange rate and adjust the value. You can also add new currencies in this menu.
Importing exchange rates into Exact Online
You can import exchange rates via an XML file. These are provided by the ECB and OER on a daily basis. This way, you won’t have to manually update the exchange rates.
Save time and avoid errors
You’ll find that manually adjusting or periodically importing data requires regular action on your part, which you’ll have to remember. Errors may occur, or you may forget to update the data. These issues can be avoided by using our automated link. Do you have any questions or would you like to know more about our service? Get in touch, and we’ll gladly help you.