The Calculate FIFO Currency Rate Procedure

You will find this procedure under the Current Accounting menu in the Accounting module. The procedure is used to value the bank transactions in foreign currency according to FIFO.

The Calculate FIFO Currency Rate procedure.

Printout example of the list.

When running the report, the system calculates the FIFO balance and FIFO rate for each transaction.

To save the result, use the Save button. The FIFO exchange rate is saved in the database for each transaction.