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Currency Settings

Overview

Your company's base currency (used for accounting), additional accepted currencies (for multi-currency invoicing), and FX rate sources.

Step-by-Step Guide

1

Open Currency Settings

Settings → Currency.

2

Base Currency

The currency your books are in. Set once at company creation; changing later requires care (existing transactions stay in their original currency).

3

Reporting Currency

Optional second currency for reports (e.g. base TZS, reporting USD). The system converts at the FX rate of each transaction's date.

4

Accepted Currencies

Which currencies you accept on invoices + POS. Pick from the dropdown. Each accepted currency uses your configured FX source.

5

FX Rate Source

Automatic (daily refresh from a market data feed) or Manual (you key in rates daily). Most SMEs use Automatic.

Tips & Best Practices

Tip: Per-store currency override (Settings → Stores → (store) → Currency) lets a Kenyan store run in KES while HQ books in TZS. Reports consolidate.
Note: Changing base currency on a company with historical transactions is destructive — you must export, re-key historical data, and accept the audit-trail break. Talk to support first.