FAQ: How do I initially configure the “Base Currency Code” and “Exchange Rates” choices?

The currency values shown on the screen in these two areas are pulled directly from the data import file. First, choose your company’s Base Currency Code and then enter the exchange rates. When you click “Submit” to save these entries, SimplyMerit will kick-off a background process to recompute the Merit Budget amount that is displayed on the Budget Amounts, Exceptions, and Timeline pages.