Standing Transactions

When you enter standing invoices or transactions, the currency code of the supplier, customer, or general ledger account defaults is in read-only format. You can select Fixed to indicate to fix the exchange rate for the standing transaction. If you do this, you must also enter a rate. This is the rate that is applied when the standing transaction is processed and updated to the general ledger.

If you do not select the option to Fix the rate, you don't need to enter a rate. Greentree Desktop uses the default rate when processing the standing transaction and updating to the general ledger.