Business Exchange

Business exchange is a currency exchange that is exchanged under a business name.

Useful Things!

• clear current customer
• update selected customer
• use an exchange calculator
• view currency photo
• add new employee
• add new row

Adding a Business Exchange

Follow the next steps to create a business exchange:

1. Access the Exchange from the application menu
2. Click Manage Exchange
3. Click Business Exchange
4. The new business exchange window appears

All bold fields are required and must be provided.

• Customer
• New Customer for new customers, click New Customer and enter all the available customer's information
• Existing Customer search for the required customer, type a name, mobile or an ABN
• Select the required customer from the search result
• The update customer's window appears:
• Customer's Name enter the business name
• ABN enter a valid ABN
• Contact Details enter customer's contact details such as phone numbers and email address
• Address Details enter customer's address details

For Australian customers, type the first few letters of the suburb name and select from the search result.

• Click Save
• Employees
• Employee select an employee, or click to add new employee
• Type select the employee type

For direct employees, directors, shareholders or business owners, select Employee.

• Employee Name enter the employee's first and last names
• Contact Details enter employee's contact details if applicable
• Address Details enter employee's address details

For Australian customers, type the first few letters of the suburb name and select from the search result.

• Idnetification enter employee's id details
• Upload ID click Choose file or Browse to upload employee's ID
• Transaction
• Date select the exchange date
• Payment select the type of payment

You must select the correct payment method, when generating an Austrac reports, payment method will be essential to determine the type of reports should this transaction be included.

• Inverse check this option if the rate is in an inverse mode

Inverse means divide 1 by the current exchange rate.

• Currency
• Click to add new empty row
• Currency select a currency from the drop down list
• Rate if you did not set the live exchange rate, enter the exchange rate
• Sell for selling, enter the foreign currency amount that you are selling to customer
• Buy for buying, enter the foreign currency amount that you are selling to customer

The rate will be automatically added when you enter Sell or Buy amounts if you have configured the live rate exchange rates.

• Fixed a fixed amount can be used to remove any change (fix to tens or handreds), click to apply the fixed amount

Repeat the above steps if you want to add another currency

• Fees enter the fee amount in your local currency, when applicable
5. Click Save Changes