Need more, need help now?
- - - - - - - - - - - - - - - - - - pay-as-you-go support - no contract - tenth of an hour billing - expert help - fast service - no call queues
Need integration?
- - - - - - - - - - - - - - - - - - with your shipping system - website - invoicing system - crm - cms - manufacturing - order import - back to back orders..
Need a report?
- - - - - - - - - - - - - - - - - - Excel reporting that pulls data from Sage - custom layouts - layouts that change adapt to your brands and/or for drop shipping.
Want web hosting?
- - - - - - - - - - - - - - - - - - Your own domain name - email - a shop - wordpress - woo commerce - ticket systems - help desks - forums - portals
Sage 50 general help forum - Free help and support for all general issues
-
frangipani5
- User
- Posts: 4
- Joined: 21 Jan 2010, 17:17
- Sage Version: v2008 14 UK/Europe/Africa
Post
by frangipani5 » 21 Jan 2010, 17:28
Hi,
I am using v15 and I am trying to transfer funds from my USD bank account to another bank account set up also in USD. When I try and complete the transfer I get an error message stating "One or more of the accounts used in this transfer has no exchange rate to the base currency" so I can not complete the transaction. I am new to dealing with foreign currency in SAGE and it is giving me a few headaches to say the least. If someone could please shed some light on this it would be greatly appreciated. Thank you
-
brucedenney
- Site Admin
- Posts: 4664
- Joined: 28 Feb 2006, 09:56
- Sage Version: v30 UK/Europe/Africa
Post
by brucedenney » 21 Jan 2010, 18:38
The error message suggests that whilst they may be set up in USD the exchange rate between USD and GBP (or whatever your base currency is) has not been set.
Behind every foreign currency transaction a transaction also happens in the base currency if the exchange rate is zero then the base currency value is infinite and so sage throws an error.
For just about anything Sage :- Discount subscriptions, pay-as-you-go support, application integration, reports, layouts, linked excel spreadsheets, analysis or any other help making life with sage easier/less time consuming
Contact me.
-
frangipani5
- User
- Posts: 4
- Joined: 21 Jan 2010, 17:17
- Sage Version: v2008 14 UK/Europe/Africa
Post
by frangipani5 » 22 Jan 2010, 10:54
Cool I understand thanks, but how do I overcome this error, where can I set this so that Ican transfer funds between accounts?
Thank you
-
brucedenney
- Site Admin
- Posts: 4664
- Joined: 28 Feb 2006, 09:56
- Sage Version: v30 UK/Europe/Africa
Post
by brucedenney » 22 Jan 2010, 20:27
How to set the Exchange rate in Sage 50 V2008 (V15)
In Sage 50 go to "Settings" menu
Select "Currencies"
Select the currency you want to set the exchange rate of eg No2 US$
Enter the Exchange rate in the Box marked Exchange Rate eg 1.61
Press the close button
For just about anything Sage :- Discount subscriptions, pay-as-you-go support, application integration, reports, layouts, linked excel spreadsheets, analysis or any other help making life with sage easier/less time consuming
Contact me.
-
frangipani5
- User
- Posts: 4
- Joined: 21 Jan 2010, 17:17
- Sage Version: v2008 14 UK/Europe/Africa
Post
by frangipani5 » 29 Jan 2010, 16:35
Thank you for the info, obviously the exchange rate will change daily does this matter - sorry I don't mean to sound like a complete twit but I am new to the whole foreign currency transactions.... I know the reval takes place but should I have set a rate previously??
-
brucedenney
- Site Admin
- Posts: 4664
- Joined: 28 Feb 2006, 09:56
- Sage Version: v30 UK/Europe/Africa
Post
by brucedenney » 17 Feb 2010, 19:03
Yes
For just about anything Sage :- Discount subscriptions, pay-as-you-go support, application integration, reports, layouts, linked excel spreadsheets, analysis or any other help making life with sage easier/less time consuming
Contact me.
Who is online
Users browsing this forum: Semrush [Bot] and 2 guests
