Stock purchased in different currencies only shown in GBP in reports/product entry
Problem reported by Trevor Coley 8 years ago
We buy products in various currencies but, although a Purchase Order can be made in various currencies, creating the item itself does not allow for a currency to be selected.
In case I'm not being very clear, here's an example:
My 'Master Currency' is GBPÂ£
A item is purchased at EUR115.00, so should convert to (approx) GBPÂ£100. In order to create the Purchase Order (PO) I need to create the item but I can only put in the EUR115 value, save it, and then select "EUR" as the currency on the PO. My PO is created and reflects values in EUR and GBP. All fine so far!
When I go back to "Tools" to see the product the value is "115" but with no indication of currency.
My concern is that Clearbooks is not converting the item's purchase currency into GBP and therefore not accurately reflecting the true stock value and therefore all financial reporting.
I would welcome any comments or ideas on this. Thanks.