Agio
Agio calculation reevaluates the book value on the balance accounts by upgrading the values from historic rate to period rate. All transactions will be posted with the currency rate on the date of registration (historic rate), but by the end of the month all transactions will be calculated with the same currency rate (period rate).
The agio calculations in RamBase are based on the rates in the Currency (CUR) application. The Agio calculation performs a daily update overnight, meaning that the currency rate used will reflect the rate from the previous day. Please note, there is no possibility for the user to manually enter rates. Rates are imported to RamBase based on which Rate Source that is set up in COM for each company.
Agio calculation is optional. It is recommended to utilize the Agio calculation for Accounts Payable (A/P), Accounts Receivable (A/R), and Foreign Bank accounts. This ensures that the values in these critical areas accurately reflect current exchange rates. Only balance accounts can be agio calculated. Each of the accounts that one wishes to be agio calculated must be defined in the Agio field in the Chart of Accounts (ACC).
It is not advisable to switch the Agio calculation on and off intermittently after transactions are created.