Multicurrency

The Multi Currency feature in R2 allows the user to manage transaction amount and pricing in different currencies. This can be implemented for a business which is distributed in different geographical locations and when customers are from different locations.

The Multi Currency feature is implemented in R2 via the classification of currencies which would be used in the business transactions of a company.

The currencies are classified as Base Currency, Site Currency, and Transaction Currency.

• Base Currency- Considered as the primary currency or the accounting currency of the company.

• Site Currency- Site based currency (based on location of business).

• Transaction Currency - Currency by which the transactions will be done (Order Transactions, Purchase Order Transactions, and so on).

Multi-Currency Feature Highlights

• User-defined exchange rates.

• View and analyze regional based revenue based on either Base / Site/ Transaction currency.

• Override default currency and exchange rate definitions at the transaction level.

• Define Pricing for Item and Vendor based on multiple currencies.

• Receive Payments based on multiple currencies.

• View Profit margin based on multiple currencies.

• Generate Reports based on Base Currency/ Site Currency/ Transaction Currency.

• View transaction amounts in Base Currency, Site Currency, and Transaction Currency.

• Generate Invoice/Order Print based on Base Currency/ Site Currency/ Transaction Currency.