Using the Foreign Exchange manager

In order to calculate your VAT Return, your files need to contain currency values in pounds sterling (GBP). If your files contain values in other currencies, the FX Manager allows you to set up the currency conversion requirements for each of your uploaded data files.

From the Map data tab, select the file you want by clicking on the file tab displayed in the Uploaded files section.

  1. Select the No, launch FX manager button and the Foreign exchange manager dialog will appear.

  2. Select one of the following options:

GPB only (default option): This option identifies that the data file contains transactions only in GBP. In the event the file does not need FX conversion, or in the past the file has had FX set up, this option will ensure that the Net and VAT amounts are treated as being GBP going forward. Selecting this option will take you back to the Map data screen.

Single currency (non-GBP): This option identifies that the data file contains transactions in a single, non-GBP, currency. For example all data in the data file is in US Dollars (USD). Selecting this option will open a dialog box where you will need to provide further details on where to find relevant data information for the currency conversion.

Multiple currencies: This option identifies that the data file contains transactions in more than one currency, which could include GBP. For example a data file that contains transactions in GBP, USD and Euro. Selecting this option will open a dialog box where you will need to provide further details on where to find relevant data information for the currency conversions.

  1. Once you have made your selection, click on the Save button.

 

 

 

 

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