Selling In Another Currency.

 

Purpose.

You have a game lodge in South Africa, you purchase all your stock in South Africa, however you sell it in a different currency. for e.g. Euro. Thus the invoice must display all values in Euro.

 

Step 1.

Go to System > Application Options.

•Select the default currency. E.g if you live in South Africa then select Rand, Euro if you live in Europe Etc.

•Select Use Multiple Currencies. This will enable the currency and exchange rate option on the invoice form.

 

Step 2.

Go to System > Table Maintenance.

On the General Tab, select the Currencies button

Type in the exchange rate or select either Update from OpenExchangeRates or Update from ECB to automatically update the exchange rates.

The base currency is the currency of the country your business is in.

 

Step 3.

Go to Customer > Customer Options.

Here you set the default currency for all new clients that you add.

 

Step 4.

In the Customer Main Form, select the Default Currency. This currency will automatically be used on the invoice form.

 

Notes.

The Currency and Exchange rate will be displayed on the invoice in the Customer / More tab

Although the invoice will display Euro values all the journal entries in the General Ledger will be in the default currency.