How To Change The Base Currency

The base currency is also called home currency or local currency. When you start using the system and recording transactions in the system, you cannot change the base currency. However, if you delete all transactions, you are able to change the base currency. This lesson will show you the necessary steps that you need to take to change the base currency.

Change the Base Currency

  • Make sure that you are signed in as 'Administrator' first. Then from the 'Support' menu in the menu bar select 'Edit Company Information'.
Change the Base Currency
  • Try to change the 'Local Currency Code'. If you're able to change it, it means that you have not recorded any transactions yet, but otherwise the field will be locked.
    If that case, continue to the next step.

Deleting Transactions

  • From the 'Support' menu select 'Delete all Transactions'.
Deleting Transactions
  • Select and delete all transactions except the Customers and Accounts.
    IMPORTANT- DO NOT DELETE 'Customers' NOR 'All Ledger and Subledger Accounts'.
  • After pressing the 'Delete' button, the system will reconfirm and then backup the whole database before deleting.
  • Now go back to the 'Support' menu and select 'Edit Company Information'.
  • You should now be able to change the 'Local Currency Code' to a different currency and 'Save Settings'.

Rebuild The Currencies Table

  • Now that you have changed your base currency go to the 'Currencies' Module in order to rebuild the currencies table.
  • Select all the currencies by clicking on the first currency, holding down the '<Shift>' key and then clicking on the last currency.
    This will highlight all the currencies. You can also delete the currencies one by one, but it will be more time consuming.
  • Then click 'Delete'.
Rebuild The Currencies Table
  • Confirm that you wish to delete by clicking 'Yes' in the pop up.
  • All currencies should be deleted at this point.

Restart The Client Server

  • From the 'Support' menu in the Menu Bar, click 'Restart Client'.
Restart The Client Server

The base currency is changed

  • At this point you should see the base currency appear with all buy/sell rates at 1.
The base currency is changed

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