Setting up foreign currencies

In Synergetic, foreign currencies can be used to:

• pay creditors
• accept debtor fee payments
• accept debtor G/L allocations.

Note: Foreign currencies are not currently integrated with Enrolment Deposit, Asset Type or Donation Fund G/L allocation types.

When foreign currencies are enabled, they can be used in the Cash Receipts Entry window.


To set up a foreign currency at your organisation:
Note: Check you have the correct security permissions to make financial changes. See Maintaining security permissions in the System maintenance manual.

1. Select the Foreign Currency Enabled flag on the General tab of Synergetic Financial Configuration. See Finance Configuration Maintenance - General tab.
2. Define the currencies and exchange rates in use on the General tab of Foreign Currency Maintenance. See Maintaining foreign currencies.
3. Set whether you want to display amounts larger than three digits with a comma-separator using the CurrencyComma configuration key in Configuration File Maintenance. See Configuration File Maintenance window.
4. Set the Currency field to the currency used for each bank code on the General tab of Banking Configuration Maintenance. Banking Configuration Maintenance - General tab.
5. If your organisation has creditors that require payment in a foreign currency, set the Currency field on the Payment Details tab of Creditor Maintenance. The amount of any payments is displayed in both the foreign and local currencies on the Outstanding, Paid Invoices, Payments, and Purchase Orders tabs. See Creditor Maintenance - Payment Details tab in the Creditors manual.