Quantity Conversion

One of the powerful features of Formever is that the Quantity field can be configured to display its value in different ways. Take, for example, a US company with a Formever system that has a master form to capture product purchases in metric volumes (liters) because the product is purchased from a Italian company. But, the US company wants inventory reports in US measure (Gal.). This is simple in a Formever system. The report quantity field for the total is told to display its value in US gallons. Formever automatically converts total liters to gallons and shows that value. 

This conversion is automatic. As a designer of a Formever business system, when you use a quantity field you tell it how to display itself. Conversions between similar dimensional units are automatic. Formever only lets you choose between sensible conversions. 

Currency conversions are a special case because the rate of conversion is not fixed. This is described in the introduction to currency. In the case of currency the conversion factors (exchange rates) are kept in the "Currency Exchange" form. This appears on the desktop and allows a Director (with appropriate access rights) to add exchange rates for all the trading currencies for that period. These exchange rates will be used to convert currencies to and from the home currency in reports and other situations.

There is a special case for currency conversion, and that is when there is an exchange rate quantity field on the form the conversion is being performed on. In that case Formever will automatically use that ‘local’ exchange rate. This is normal in currency sales/purchases when the exact exchange rate for that transaction must be used.

Formever follows correct rules for handling multi-currencies in financial reports by implementing the concept of ‘trading accounts’. See Currency for more details.