#How entity and company rates work together
For any transaction, Light resolves the FX rate in this order:
- Entity rate — a custom rate set for that transaction's entity
- Company rate — a custom rate set for the whole company
- System rate — the daily market rate (the fallback)
So an entity rate always wins for that entity, and a company-wide rate covers every entity that doesn't have its own. You can mix the two: set one company-wide rate as the default and a different rate for the one entity that needs it.
#How to set one
As with company rates, this is set by Light support (no self-serve screen yet). Provide the same details — currency, rate (how much 1 unit of the currency is worth in EUR — e.g. "1 CZK = 0.04 EUR"), and month — plus the entity the rate applies to.
If you're not sure which entity a transaction belongs to, support can help you confirm before setting the rate.
#Things to keep in mind
- The monthly, forward-looking, and EUR-reference rules are identical to company-wide rates — see Setting a Custom FX Rate for Your Company.
- Setting an entity rate does not remove the company-wide rate; it only takes precedence for that entity.
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