# Multi-currency

Multi-currency

# Multicurrency

<span class="ts10">Video training manual 2016 - </span>[Click Here](https://vimeo.com/356999944)

<span class="ts0">This menu allows you to Setup additional currency codes, description, symbols and rate.</span>

<span class="ts0">This is where the default exchange rate of a particular currency will be set.</span>

<span class="ts0">[![image.png](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-08/scaled-1680-/vn6image.png)](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-08/vn6image.png)</span>

<p class="callout info"><span class="ts0">The rate is used at the time of creating a document, one can then override the exchange rate on the document. Otherwise, this default exchange rate will apply.</span></p>

<span class="ts0">Navigation Ribbon has five buttons:</span>

<table border="1" id="bkmrk-search-button-allows" style="border-collapse: collapse; width: 100%; height: 179.271px;"><colgroup><col style="width: 20.3165%;"></col><col style="width: 79.5758%;"></col></colgroup><tbody><tr style="height: 29.8785px;"><td style="height: 29.8785px;">**<span class="ts0">Search button</span>**</td><td style="height: 29.8785px;"><span class="ts0">allows the user to search existing multicurrency by code or description</span></td></tr><tr style="height: 29.8785px;"><td style="height: 29.8785px;">**<span class="ts0">Add button</span>**</td><td style="height: 29.8785px;"><span class="ts0">insert a new Multicurrency Item</span></td></tr><tr style="height: 29.8785px;"><td style="height: 29.8785px;">**<span class="ts0">Edit button</span>**</td><td style="height: 29.8785px;"><span class="ts0">view/edit the currently selected Multicurrency Item</span></td></tr><tr style="height: 29.8785px;"><td style="height: 29.8785px;">**<span class="ts0">Delete button</span>**</td><td style="height: 29.8785px;"><span class="ts0">delete the currently selected Multicurrency Item</span></td></tr><tr style="height: 29.8785px;"><td style="height: 29.8785px;">**<span class="ts0">Print Grid button</span>**</td><td style="height: 29.8785px;"><span class="ts0">allows you to print the information displayed on the search grid</span></td></tr><tr><td>**<span class="ts0">Fixer</span>**</td><td><span class="ts0">An external website that keeps track of currency rates.</span></td></tr></tbody></table>

---

### Adding a new currency

<span class="ts32"> </span>[![image.png](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-08/scaled-1680-/djVimage.png)](https://hugeerp10.co.za/hsofmanual/uploads/images/gallery/2023-08/djVimage.png)

<table border="1" id="bkmrk-code-the-symbol-for-" style="border-collapse: collapse; width: 100%; height: 149.392px;"><colgroup><col style="width: 21.5181%;"></col><col style="width: 78.372%;"></col></colgroup><tbody><tr style="height: 29.8785px;"><td style="height: 29.8785px;">**Code**</td><td style="height: 29.8785px;">The symbol for the currency</td></tr><tr style="height: 29.8785px;"><td style="height: 29.8785px;">**Description**</td><td style="height: 29.8785px;">Add a short description of the Currency. Usually it's short name.</td></tr><tr style="height: 29.8785px;"><td style="height: 29.8785px;">**Country**</td><td style="height: 29.8785px;">A description of the country of the Currency.</td></tr><tr style="height: 29.8785px;"><td style="height: 29.8785px;">**Sell rate**</td><td style="height: 29.8785px;">  
</td></tr><tr style="height: 29.8785px;"><td style="height: 29.8785px;">**Buy rate**</td><td style="height: 29.8785px;"> </td></tr><tr><td>**API Currency Code**</td><td>The international currency code used in the API to Currencies.</td></tr></tbody></table>

<p class="callout info">Note: The system uses the cell rate for both debtors and creditors in order for it to work out the rate on the documents.</p>

<p class="callout warning">The buy rate is only an indicator here and is not used in the system.</p>

# Setting Up Multi-Currency for Debtor

<span class="ts10">Video training manual 2016 - </span>[Click Here](https://vimeo.com/357006338)

**<span class="ts23"> </span><span class="ts15">Debtors module&gt; Configuration&gt;</span><span class="ts15"> D</span><span class="ts15">ebtors Setup</span>**

<span class="ts15"> </span>![](https://hugeerp0.co.za/csp/webhelp/topics/images/image(3193).png)

<span class="ts0"> </span>![](https://hugeerp0.co.za/csp/webhelp/topics/images/image(3194).png)

<span class="ts0"> </span><span class="ts0">Add the debtor Information</span>

<span class="ts0">Under accounts details you will be able to select the preferred currency for the debtor</span>

<span class="ts0">and select it</span>

![](https://hugeerp0.co.za/csp/webhelp/topics/images/image(3195).png)

<span class="ts0"> </span><span class="ts0">Once an invoice is raised against this debtor the chosen currency is locked to it you will not have an option to change it.</span>

<span class="ts0"> </span>![](https://hugeerp0.co.za/csp/webhelp/topics/images/image(3196).png)

# Setting Up Multi- Currency for Supplier

#### <span class="ts15">Creditors Module&gt;Configuration&gt;Creditors Setup</span>

<span class="ts23"> </span><span class="ts0">Add supplier</span><span class="ts0"> details.</span>

<span class="ts0"> </span>![](https://hugeerp0.co.za/csp/webhelp/topics/images/image(3199).png)

<span class="ts0"> </span><span class="ts0">Go to </span><span class="ts0">account details</span><span class="ts0"> and select the preferred currency for the supplier.</span>