# Setup Currency

**YouTube:** [How to Set Up Currency and Exchange Rates?](https://www.youtube.com/watch?v=HHYXBnHV6cc)

## How to Set Up Currency and Exchange Rates?

In this tutorial, we will learn how to **set up currencies and define exchange rates in Logic ERP**, and understand how currency conversion works during billing transactions.

***

### Currency Master Setup

To begin, configure the currency master in Logic ERP.

* Navigate to the **Setup** from the main menu
* Go to **Other Account Details**
* Click to open the **Setup Currency** window

Add a New Currency

* Review the list of currencies already defined in the system
* To create a new currency, enter the following details:
  * Currency Name
  * Currency Symbol
  * Country Name
  * Currency Description
  * Sub Description
  * Multiply Factor (as required)

<figure><img src="/files/c7OI1oUW7SgW0kgCSYpU" alt=""><figcaption></figcaption></figure>

* After defining all details, click **Save**

***

### Defining Currency Exchange Rates

Once the currency master is created, define the exchange rate.

* &#x20;Navigate to the **Setup** from the main menu&#x20;
* Go to **Other Account Details**
* open **Setup Date-Wise Currency Exchange Rate**
* Select the following details:
  * Country
  * Currency
  * Applicable Date Range
  * Exchange Type
* Click **Refresh**

<figure><img src="/files/u3aE0OW2zdQs8naElqhf" alt=""><figcaption></figcaption></figure>

* Enter:
  * Exchange Rate
  * Conversion Value

<figure><img src="/files/hqPtaYMSxIH0dZYwNbHY" alt=""><figcaption></figcaption></figure>

* Click **Save** to finalize the exchange rate setup

***

### Enabling Exchange Rate in Sales Voucher

To apply currency conversion during billing, the exchange rate column must be enabled in the sales voucher.

* Open the **Sales Bill** window
* Go to **Sales Voucher Configuration**
* Select the required **Series**
* Navigate to **Other Settings – 1**
* Open **Column Locks**
* Enable the **Exchange Rate** column

<figure><img src="/files/5qiglTH7Xu76iww5I0rw" alt=""><figcaption></figcaption></figure>

* Save the configuration

***

### Using Currency Conversion in Sales Billing

Now, let’s see how currency works during an actual transaction.

* Create a **New Sales Bill**
* You will notice the **Exchange Rate** field is now available in the voucher
* Select the required **Currency**

<figure><img src="/files/hDfNWHvQv0OQgntYenZW" alt=""><figcaption></figcaption></figure>

* Enter the item details in the bill

***Note:*** As items are entered, the system automatically applies the conversion rate based on the exchange rate configuration defined earlier.

***

### Verifying Currency Conversion

* Open **View Totals** in the sales bill
* Review the currency conversion details
* All converted values will be displayed clearly for verification

<figure><img src="/files/wTsSJlNU0rjEUiZOusKd" alt=""><figcaption></figcaption></figure>

***

### Conclusion

This completes the **Currency Setup and Exchange Rate Configuration in Logic ERP**, enabling accurate multi-currency transactions and automatic value conversion during billing.


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