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Currency

 

 

 

 

Definition

 

Currency settings is to allow user to setup Multi-Currency function for issuing invoices with over 200 currencies around the world.

 

How to Setup Currency

1.Go to Settings > Accounts;

2.Click on Company Information;

3.Tick the box of Multicurrency;

4.Click Save on the top right cornor;

5.Then a reminder will pop up to confirm whether you wish to continue or not. By clicking "Yes" you acknowledge that system can not turn it off back to the previous one currency only version. Multicurrency function will be remained in system after it has been turned on.

 

 

 How to add Currency

 Once Multicurrency function has been turned on, Currency function will appear under Settings > Accounts. Double click it, you may find Currency List and further 

 options like adding new currency or inactivate one of the currency in the list.

 

1.Go to Settings > Accounts;

2.Click on Currency;

3.Choose Add New to add new currency or inactivate a list curreny by double click in;

4.Please make sure the right home currency has been selected.

 

How to issue invoice with Multicurrency

It would be preferred if you setup the currency option first for each customer (Customer list > select Customer > Financial Details), then once you select that customer in Invoice section, the preset currency will show as default.

 

However, if there is no currency settings preset in Customer, you may still adjsut the currency for each invoice, with the exchange rate manually input against the Home Currency, which is Australian Dollar as default.

 

Inputing procedure would be as follows.

1.Select Customer from Customer List

2.Select Currency before selecting any inventory item and inputing exchange rate against Home Currency.

3.Then once you select any inventory item presaved in Q6, the selling price will be changed into the selected currency according to the exchange rate inputted.

4.If you select inventory item first before changing the currency and exchange rate, then selling price for each item should be mannually changed accordingly.

 

 

 

 

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