Transaction entries

ReChive entries of the types of invoices, receipts, and Pay slips are considered transactional entries. They have a corresponding monetary value and involve a financial transaction. For a transactional entry, a new section will appear at the bottom of the form that asking for the related amount.

Since the entry involves a financial transaction, you must select the currency of the entry. By default, the currency is set to the main currency of your workspace. If the currency of the transaction is the same as that of your workspace, you wouldn't need to deal with any exchange rate but if the currency is not the same, Vieolo will provide you with the exchange rate.

You can either enter the total value of the entry manually, or enter the breakdown of the invoice or receipt and the total amount will be automatically calculated.

Each item you add to the breakdown needs to have a description, quantity, and rate. You can assign a product to the row, helping you to find entries by their products. Selecting a product is optional and if you want to select a product that you haven't created, you can quickly add a new product by clicking the “Add a new product” button.

Currency Exchange

If the currency of the entry is different from the main currency of your workspace, ReChive will provide you with the tools necessary to manage the exchange. Your ReChive entry will remain in foreign currency and the exchange rate will be used for display purposes.

If you are adding an invoice, the initial exchange rate is provided by ReChive. While recording the payment for the invoice, you can modify the exchange rate to match the actual exchange rate used by your financial institution for the payment.