foreign currency exchange rate and indexes
hi! anybody could help me what is the purpose of indexes and how it differs with exchange rate..
Peter Juby replied
This is used for revaluation of your financials. If you enter an index and select it in your financial reports, the values are multiplied by the index. You can use this for revaluing by CPI indexes, currency devaluation, etc. It is merely a reporting tool and does not post any entries in the system.