Introduction/Purpose:

The Currency Rate Master module in HRMS (Human Resource Management System) is designed to manage and maintain currency exchange rates used within the system. It serves as a centralized repository for recording historical currency conversion rates.

The purpose of this module is to facilitate accurate and up-to-date currency conversions for various financial transactions within the HRMS. It allows users to input and track currency exchange rates between different currency pairs, such as USD (United States Dollar) to NGN (Nigerian Naira) or DZD (Algerian Dinar) to NGN.

How To Navigate: 

The navigation to a currency rate master in a HRMS typically involves the following steps:

• Click on the main navigation icon: The main navigation icon located in the top right corner of the screen. Clicking on this icon will open the navigation menu, which typically includes links to various sections of the HRMS system.

• Click on the core master section: The Currency Rate is located under the accounts and document section. By clicking on the currency rate will display an exc currency code, base currency code, ex rate, pay period, added by, added date, updated by and updated date.

Listing: 

• Quick Search: This feature allows users to quickly search for specific records or information within a listing. It enables users to enter keywords or criteria to find relevant data efficiently.

• Export: The Export feature allows users to extract data from a system or application and save it in a format that can be used in other programs. It provides options to export data in formats such as Excel, CSV, and PDF in landscape or portable formats.

• Hide and Show Column: This feature allows users to customize the display of columns in a table or listing. Users can choose to hide or show specific columns based on their preferences or the information they need to view, providing a more personalized and streamlined user experience.

• Show all listing records: This feature allows users to display all records or entries in a listing or database at once. It eliminates any pagination limits and shows a comprehensive view of all available data, making it easier to browse through and analyse large datasets.

• Advanced Search: Advanced Search provides users with additional search options and filters to refine their queries and find specific records or information within a system or application. It typically offers more advanced search criteria, such as date ranges, multiple keyboard inputs, or specific field searches.

• Delete Row: This feature allows users to remove a specific row or record from a table or listing. It provides a means to remove unwanted or outdated data, enabling data clean-up and maintenance within the system.

• Pagination: It typically includes navigation links or buttons to move between pages, making it easier to browse and navigate through large datasets without overwhelming the user with all the records at once.

Recording & Update:

The currency rate in a core master module is typically includes:

• Currency*: Select the currency you want to add from the available options. 

• Base Currency*: Specify the base currency against which you want to establish the exchange rate. 

• Exchange Rate*: This value represents how many units of the base currency are equivalent to one unit of the exchanged currency. 

• Pay Period: If the exchange rate is specific to a particular pay period or time range, enter the relevant information in the “Pay Period” field. 

The user can perform the following actions in this section:

• Discard: This option allows the user to discard the changes before saving it.
• Submit: This option allows the user to add the currency rate in the system.