How to enable different currency settings for quotations or invoices?
To configure multi-currency in Metro ERP's Accounting App, follow these steps:
1) Go to the "Accounting" module.
2) Under the "Configuration" menu, select 'Settings.
3) Now, navigate to Accounting >> Configuration >> Setting >> Currency.
Enable Multi-Currency from the main admin user.
- In the "Settings" , under the Accounting section, look for the option Multi-Currencies.
- Check the box to enable multi-currency support.
- Click Save.
4) Now, Click on Activate Other Currencies Link, and view the Currencies page.
Click on the toggle button and Currancy rate is active.
5) Go back the Configure Currencies:
- Once multi-currency is enabled, go to the Accounting setting.
- Under the Currencies section in settings
- Here, you can see the list of currencies, and you can select the currencies as needed.
Now, select the SGD to MYR. then click Save button.
Enable different currency settings for quotations
6) Go to the "Sales" module.
7) Now, navigate to Sales >> Products >> Pricelist.
8) View the Pricelist page, Now click on the create button, and view the form.
9) Entry the form details:
Name: MYR Retailers Pricelist
Currency: Select the MYR from the dropdown. then click the Save button.
10) Now, navigate to Sales >> Orders >> Quotations.
11) View the Quotations page, Now click on the create button, and view the form.
12) By default, Assigned pricelist is displayed on the pricelist field. The system will automatically apply the currency exchange rate for that day (or as per your configured rates).
13) Fill in the details as per screenshot:
Enable different currency settings for invoices.
14) Go to the "Accounting" module. View the Accounting Dashboard.
15) Now, navigate to Accounting >> Customers >> Invoices.
View the Invoice listing page, Now click on the create button, and view the form.
16) Fill in the details as per screenshot:
By default, Assigned pricelist is displayed on the pricelist field. The system will automatically apply the currency exchange rate for that day (or as per your configured rates).
Make sure to update exchange rates regularly if you use multiple currencies. The currency in an invoice or quotation will affect the total amount, taxes, and other related financial aspects.
To get more details on how to configure multi-currency in the system, please do contact us at support@metrogroup.solutions