Currency
In BizCentric, the Currency list records currency values, symbols, and fractional units. The system already includes most commonly used currencies. Exchange rates are automatically retrieved based on current market rates. Additionally, users can set up the system to utilize historical fixed exchange rates by defining them within the Currency Exchange form.
To access the Currency list, go to:
Home > Accounting > Multi Currency > Currency
Configurations
Each currency has defaults set based on widely accepted configurations. You can however modify the configuration to suit your requirements.
Enable / Disable
By default only few popular currencies and your company’s currencies are enabled. To Enable more go to currency list and check “Enabled”.
Fractional units
Some currencies have fractional units like “Cent”, you can configure what this fractional unit will be called when converting numbers into words.
Symbol
The default currency symbol is automatically populated, but if you need to modify it, you can do so within the Currency document.
You can adjust the position of the currency symbol to the right by selecting the “Show currency symbol on right” option.
Additionally, you have the option to hide all currency symbols from the “Global Defaults” settings.