Currencies Master data is used throughout the Agiblocks system. Agiblocks comes pre-populated with one default currency. Other currencies are usually set up with the initial system configuration.
To add a new currency, select the Add new record button. To edit a currency, select the Edit button to the right on the currency record. An edit screen opens.
The add/edit mode contains a list of fields that can be populated with values. Below is a table with a brief description of the functionality for each field:
Field |
Description |
Name |
Text field to enter a currency name. This text field is then displayed whenever a currency name must be displayed. The currency name is a text field, because this allows a Master data manager to use the description most commonly used within a company. For example, pound sterling’ or GBP might be used. |
Symbol |
Text field to enter the currency's symbol. |
Default |
Tick box to check an Agiblocks system default currency. One currency may be selected as a default or base currency. |
Preferred |
Tick box to select a preferred currency. This preferred currency will then be shown on top of the drop down menus when a currency must be selected. |
Allow Cents |
Tick box for allowing cents to be used in premium calculation for this currency. |
Cents Name |
Text field for displaying the cents name. This field must be filled in with a value if cents are to be used in premium calculations. |