Submit your question using the contact form below to request a new article.

    Alternatively, Log a Service Request for assistance from our Customer Support Team.


    Setup an Alternate Currency

    Setting up a secondary currency for use in RMS.


    Steps Required

    Have your System Administrator complete the following.

    1. Go to Setup > Accounting > Foreign Exchange Rates in RMS.
    2. Select 'Add'.
    3. Enter the Currency Code.
    4. Enter the Currency Name.
    5. Enter the Currency Symbol.
    6. Enter the Exchange Rate to Local Currency.
    7. Save/Exit.
    8. Go to Setup > Property Options > Property Information in RMS.
    9. Select a Property and choose 'Edit'.
    10. Navigate to the 'Options' tab.
    11. Select the checkbox 'Use Secondary Currency'.
    12. Enter the Daily Password and select 'Ok'.
    13. Select the Alternate Currency.
    14. Select the Currency Adjustment GL Code.
    15. Save/Exit.
    16. Log out of RMS.

    Info

    Contact RMS Support to obtain the Daily Password required for enabling this option on the Property Setup.

    Currently available alternate currencies in RMS are USD, EURO, HKD & RMB.

    Visual Guide

    Go to Setup > Accounting > Foreign Exchange Rates in RMS.

    Select 'Add' to create a new Foreign Exchange Rate.

    Enter the Currency Code.

    Enter the Currency Name.

    Enter the Currency Symbol.

    Enter the Exchange Rate to Local Currency.


    Select 'Save/Exit' to store the changes made.

    Go to Setup > Property Options > Property Information in RMS.

    Select a Property and choose 'Edit'.

    Navigate to the 'Options' tab.

    Select the checkbox 'Use Secondary Currency'.

    Enter the Daily Password and select 'Ok'.

    Select the Alternate Currency.

    Select the Currency Adjustment GL Code.

    Select 'Save/Exit' to store the changes made.

    Log out of RMS to allow the database to update with the changes made.



    Was this article helpful?

    Send Feedback

    Can’t find what you’re looking for?

    Our team of RMS experts are here for you!

    Submit a Question