Currency records can be created in MVP One to represent the different types of currencies used in purchasing. The currencies and their corresponding exchange rates are then assigned to vendors.

When a Purchase Order is created for that vendor the listed parts will then use the prices in that vendor's currency.

 

Creating New Currencies

To create a new Currency use the following steps:

1. Select Inventory.
2. Select Currencies.
3. Select New.
4. Enter a Currency code, Exchange Rate, and Currency symbol.
5. Select Save.

 

 

How to Fill Out a Currency Record

Currency: This field indicates the Currency Code that your currency record will use. As you type this field will provide a dropdown of existing currencies to choose from.

Exchange Rate: This field indicates the rate of exchange between this currency and your site's Base Currency. The base currency can be managed under your Company Settings. 

Symbol: This field displays the symbol that your Currency will use in MVP One.