Good afternoon, this topic may sounds meager, but in future there might have changes. I like to have foreign exchange rate to be implemented so if we have dealing in foreign currency it would be easy to reflect the exchanges in value. or if there is other way to do so I would appreciate if there is…

[image] acecombat2: I like to have foreign exchange rate to be implemented Foreign exchange rates have been implemented and part of Manager for a number of years. Go to Setting - Base Currency and set your home currency. Once you have set the Base Currency an additional option becomes avail…

[image] [image] I’m a bit lost. did I miss? @Brucanna Got it!, forgot to open Special Accounts. Now for custom currency… is it feasible?

Exchange rates has nothing to do with Special Accounts. You can only have Base Currency, not custom currency.

The Exchange Rates option under Settings does not appear until you denominate a cash account, customer, or supplier in a second currency. Until then, even if you have a base currency set, it is not needed.

no… what I meant, the exchange rates icon did not exist before I open special account that has other currency type. What I mean by Custom Currency, other than pre built base currency selection like MYR = Malaysia Ringgit, for example, Gold Coins = GC which not even an official type of currency or m…

[image] acecombat2: the exchange rates icon did not exist before I open special account that has other currency type. That was my point, although I did not include every possible option for accounts dominated in second currencies.

well yes, at the very least I know it won’t show unless I open an account using second currency. and your point proves it. I’m’ just thinking whether I should treat it as stock… since it has different dimensions, and weight, purity in 24 carat… I’m not selling it, its more like barter trade.

I don’t think so. Inventory is goods held for sale or production. But your situation is not clear. It sounds like you are using coins as an unofficial medium of exchange. Is that right? Or are you a coin dealer, selling coins to collectors?

Yes using it as unofficial medium of exchange! only within association or community, so I have two different books 1 is using Fiat Money (government issued papers) another is minted (unofficial). All I ask whether is feasible to have custom Initial of Base Currency function. self-define since it on…

[image] acecombat2: All I ask whether is feasible to have custom Initial of Base Currency function. Manager does not currently support this. The only unofficial form of exchange supported is BitCoin.

[image] Tut: [image] acecombat2: All I ask whether is feasible to have custom Initial of Base Currency function. Manager does not currently support this. The only unofficial form of exchange supported is BitCoin. Alright then, May I know whether Manager have this feature in their will-…

Foreign Exchange function and custom currency

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Tut January 30, 2017, 4:10pm 13

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Foreign Exchange function and custom currency

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