While adding new customer or new supplier there is mandatory Currency field. For that reason we can’t use other currency to creating invoices or quotations. And suggested for open the Unit field beside Quantity.
Is it possible to create to Select a Dropdown currency while creating invoice or quotation? That case customer or supplier can use more than one currency.
Is it possible to open Unit field beside Number of Quantity.
You can’t have customer account in two currencies just like you can’t have bank account in two currencies.
If you require 2 or more currencies for single customer, then customer will have with you 2 or more customer accounts - each in its own currency.
@smnayeem, based on your screen shotsyou seem to be using an outdated version of Manager. More recent versions include the unit of measure on the Edit screen next to the quantity and a currency designation field next to the unit price. You cannot, however, define the unit of measure on a transaction form. That must be defined by editing the inventory item itself in the Inventory Items tab. Otherwise, you could be selling an item in one unit of measure that the program is counting in a different one.
Hello lubos,
is your comment still valid for new versions?
Because, I’ve a customer from Europe, first paid with USD but now pays with EURO. I don’t want to have multiple customer entry for one customer like XXXXXX-USD, XXXXXX-EURO
The comment is till valid. The reason is that customers are subsidiary ledgers of Accounts receivable. When denominated in foreign currencies, these are converted for various purposes in the program to your base currency according to exchange rates you set. The subsidiary ledger cannot be in multiple currencies, or there would be no way to maintain its balance and convert it. Therefore, customers are in single currencies. Having a customer with multiple currencies would be like trying to maintain a bank account in multiple currencies.
Ok. I understand but how to handle my situation. Do you have any advice?
Actually, there is not problem.
If you received the funds in a foreign currency cash or bank account, you can enter the local currency amount as well as the foreign currency amount like so:
If you received the funds in a local bank account, you already know the currency conversion amount from the bank statement. Just enter the local currency amount – problem solved.
The way I see it, there’s no need to complicate your accounting to solve a problem that does not exist.
If you invoice the customer in two curencies, then create two customer accounts for the customer - one in USD, one in EURO
If you always invoice the customer in one currency, then create the account in that currency
Payments in eirher currency can be applied to either account
The problem is not so much your customer, but your bank accounts. It can be annoying and expensive to do business in multiple currencies because of conversion fees (if you maintain only your base currency account) or to keep bank accounts in multiple currencies. Others have told you how to deal with customers invoiced in one currency who pay in another. There are no shortcuts if you have multiple bank accounts in multiple currencies.
