Setup Currency
YouTube: How to Set Up Currency and Exchange Rates?
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)
After defining all details, click Save
Defining Currency Exchange Rates
Once the currency master is created, define the exchange rate.
Navigate to the Setup from the main menu
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
Enter:
Exchange Rate
Conversion Value
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
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
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
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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