Managing currencies

The v10 application, through the "Admin" component, enables you to manage the currencies that are used in the system. By default, the currency management interface offers all the currencies existing worldwide (according to the ISO 4217 standard), but you still have the possibility to add custom currencies, for instance, if you want to include the use of crypto-currencies.

The currencies that you enable in the currency management page will be made available for use across the system, for instance when defining compensation elements to be used in compensation rounds.

Using this page, you can:

• Access the Currency Management Page

• Enable a currency

• Create a currency

• Edit a currency

• Remove a currency from the list of enabled currencies

• Delete a currency

This is an note/information message.

A specific permission is required to access this page. For more information, see Defining profile access rights.

Accessing the currency management page

To access the currency management page, proceed as follows:

1. Open the "Admin" component of the v10 application.

2. In the component menu, navigate to Currencies & Rates > Currencies. The currency management page is opened, as illustrated in the following figure:

Currency management page

Enabling a currency

In the context of the currency management feature, enabling a currency means making it available for use in the system (for instance when creating comp elements). By default, all the official currencies are available in the system and can be enabled/disabled at any time. Custom currencies can also be enabled according to the same principle.

To enable a currency, proceed as follows:

1. Open the currency management page (see Accessing the currency management page).

2. In the Currency drop-down list, search for the currency that you want to enable. You can search for a currency by typing part of the name of the currency in the field. The system performs the search on-the-fly.

3. Check the box located on the left of the name of the currencies that you want to enable.

4. Click Save in the lower-right corner of the application window. The currency is added to the list of enabled currencies and will remain selected in the Currency drop-down list. In addition, the count of the number of enabled currencies in the Currency drop-down is incremented, as illustrated in the following figure:

Enabled currency count

Creating a currency

While the system already contains all the existing currencies worldwide, you still have the possibility to create custom currencies in the beqom application, which can be used, for instance, to enable a crypto-currency.

To create a custom currency, proceed as follows:

1. Open the currency management page (see Accessing the currency management page).

2. Open the Currency drop-down list, and then scroll to the bottom of the list, until you see the New Currency link, as illustrated in the following figure:

Currency creation option

3. Click New Currency. The "New Currency" contextual window is opened, as illustrated in the following figure:

Currency creation

4. Enter the properties of the currency:

   • Full Name: enter the name of the currency

   • Code: enter the code of the currency; the code must be 3 characters and must be unique

   • Symbol: the symbol must be 3 characters max.

5. Check the Add to Enabled Currencies box if you want the new currency to be immediately enabled (for more information, see Enabling a currency).

6. Click Save. The new currency is created and added to the system.

Editing a currency

Provided that you have been granted the relevant rights in the v10 application, you can edit a currency and its properties.

This is a warning message.

Currency edition is available only for custom currencies (i.e. currencies created in the system, not standard ISO 4217 currencies). If a currency is marked as "In Use" (i.e. the currency is used in the system), you can still edit its properties.

To edit a currency, proceed as follows:

1. Open the currency management page (see Accessing the currency management page).

2. Make sure that the currency that you want to edit is enabled (see Enabling a currency).

3. Hover your mouse cursor over the name of the currency that you want to edit in the "Enabled Currencies" list, until you see the currency toolbar, as illustrated in the following figure:

Currency toolbar

4. Click the icon. The "Edit Currency" contextual window is opened.

5. Change the properties of the currency as required:

   • Full Name: enter the name of the currency

   • Code: enter the code of the currency; the code must be 3 characters and must be unique

   • Symbol: the symbol must be 3 characters max.

6. Click Save in the lower-right corner of the contextual window. The changes to the currency are saved in the system.

Removing a currency from the enabled currencies

To remove a currency from the list of enabled currencies, proceed as described below.

This is a warning message.

You cannot remove from the list a currency that is used in the system (i.e. a currency that has the status "In Use").

1. Open the currency management page (see Accessing the currency management page).

2. In the "Enabled Currencies" list, locate the currency that you want to remove.

3. Hover your mouse cursor over the name of the currency.

4. Click the "x" icon located at the right of the row, as illustrated in the following figure:

Currency removal

5. Click Save in the lower-right corner of the application window. The currency is removed from the list of enabled currencies and is unchecked from the Currency drop-down list.

This is a tip message.

You can also disable a currency by unchecking it in the Currency drop-down list.

Deleting a currency

Provided that you have been granted the required rights, you can delete a currency from the system.

This is a warning message.

Only custom currencies that are currently not used in the system can be deleted (i.e. currencies that do not have the "In Use" status).

To delete a currency, proceed as follows:

1. Open the currency management page (see Accessing the currency management page).

2. Make sure that the currency that you want to edit is enabled (see Enabling a currency).

3. Hover your mouse cursor over the name of the currency that you want to edit in the "Enabled Currencies" list, until you see the currency toolbar.

4. Click the icon in the toolbar. A confirmation message is opened.

5. Click Delete in the confirmation message. The currency is deleted from the system.