Using multiple currencies
As seen previously, the ADempiere cash book can be set up not only for one currency, but also for more. It seems that ADempiere has a multi-currency feature. What is the most important point that we need to know when implementing a multi-currency transaction?
Like many standard ERP systems, ADempiere has an ability to handle multi-currency transactions. For the prerequisites, you have to know and configure the:
- Currencies that will be used
- Currency conversion type, such as Spot, Average, and so on
- Currency conversion rates
We will learn how to manage currencies in the following sections.
Currently, you have two ADempiere clients in your system: Sistematika Fashion, Ltd and Garden World. While working with multiple clients, ...