Multicurrency Entries Functionality

Question asked by Andrew Kaunda 8 years ago

The application is fixing all transactions to one currency. I wanted if this was flexible whereby a user should be the one to determine the currency of the transaction. I cannot see this functionality everything is defaulting to one currency. Examples of my transactions are shown below.

  1. If i want to issue an invoice the system should be able to ask the currency to use
  2. The above request was applies at the time i am issuing the purchase orders
  3. The same should apply when am posting entries

How would you assist a small multicurency company?

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2 Replies

Hi Andrew,

I'm not sure if I totally understand you query, however, as long as you have multi-currency toggled on you can select a currency when creating an invoice and can either use the default currency rate (we use xe.com to populte these based on the invoice date):

file

You can edit the rate box manually on an adhoc basis if required. If you would like a fixed rate used on all transactions for a particular currency, just head to Settings>Configure system>Toggle features and click on the multicurrency link:

file

You can then select which currencies to use and enter a fixed rate in the appropriate box:

file

Best answer
8 years ago

Thanks this is what I was missing. Am grateful you have now won my heart

8 years ago

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