Currencies

This topic describes how to configure currencies. These may be currencies that the store accepts as tender types, or the currencies used by foreign suppliers.

1. Click Setup.

2. Expand Financial.

3. Click Currencies.

4. Do one of the following:

• To add a new currency, click New.

• To edit an existing currency, select it and click Edit.

• To copy an existing currency, select it and click Copy. You must enter a new Description and Code, but all other values are copied.

1. Enter information about the currency.

Field	Description
Description	The name of the currency, e.g., US Dollar, Euro, Peso.
Code	A code that identifies the currency, e.g., USD, EUR, MXN.
Conversion rate	The ratio between two currencies, e.g., 1:2, which indicates how much of one currency is needed to exchange for the equivalent value of another currency. Store Manager uses the conversion rate to convert the local currency used by the store to a foreign currency.
Exchange rate	The rate, e.g., 1.35, at which one country's currency can be exchanged for another currency. Store Manager uses the exchange rate to convert any amounts tendered in foreign currencies to the local currency.
Locale	The country where the currency is standard, e.g., for USD you would select English (United States) but for CAD you would select English (Canada).

1. Click Save And Close.