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Item Unit Cost in Multicurrency

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suryaaryal Posted: 10-31-2008 13:15
Hi, Is there any way to define item cost/price in currency other than base currency (LCY)? We purchase some products in US$ and some in NPR. We issue invoice in US$ to our customer for those products that we purchase in US$. Thanks in advance.
Surya Aryal Agile Solutions Pvt. Ltd. Kathmandu, Nepal
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Yes

When setting up Purchase Prices, change the currency, this price is then only activated when buying in that currency.

Using exchange rates teh "cost" of this inventory is then calculated in your base cost and pushed through to COGS once sold, but yes you can buy in any currency, and process the invoice in this currency, and pay them, if you want, in this currency, or another.

You do need to have module 3760 Multiple Currencies on your license though Big Smile

 

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