Buying and Selling Exchange rate setting

1

Hi Team , i fail to differentiate buying and selling exchange rate when setting foreign currency in Manager.
There is one side how do i solve this?

2

The rates used in manager are standard rates to calculate accrual parts of accounting like invoices and taxes. However for all cash transactions, when actually receiving or paying Foreign Currencies manager allows you to manually enter the exact Local and Foreign amounts so to apply the actual rate. So the actual selling and buying rate rate aren’t really needed.

Also the FX spread is so miniscule that you can’t justify the effort of having two standard rates unless you’re running a bank or a foreign exchange.

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3

Thanks for the response

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