The user must specify and keep a clearing currency within the user settings which will define the journals base calculation currency. This might be the currency which the users home jurisdiction is subsidiary, but can be any other as well. Transactions in other currencies need a declaration of a currency conversion rate. If the accounts currency will differ from the clearing currency it might even be necessary to specify a second conversion rate in addition. This is done within the input fields of the transaction form and will be mandatory. The required conversion rate will be indicated as well. Currency conversions will be considered in caclulations and price quote updates.