Exchange rates are essential for businesses dealing with multiple currencies in Unleashed. They allow you to convert foreign currency values into your base currency for accurate pricing, purchasing, and reporting. By setting exchange rates, you ensure consistency when processing transactions such as supplier purchases, customer sales, or foreign currency payments.
This article explains how exchange rates work in Unleashed and how you can manage them.
Ensure accurate conversion of foreign currency amounts into your base currency.
Maintain consistency in purchase and sales orders when working with international suppliers and customers.
Improve financial reporting and cost analysis across different currencies.
Exchange rates do not automatically update in Unleashed; you must update them manually.
Always ensure rates are current before creating large purchase or sales orders in foreign currency.
Exchange rates affect reporting and cost calculations, so review them regularly.
If you import transactions via CSV, make sure the exchange rates match the system setup to avoid discrepancies