NavigateERP for African business

Currencies and exchange rates

Work in Kenya shillings and any other currency you deal in.

Steps

  1. Go to Settings → Currencies and choose Single currency (one currency for everything) or Multi-currency.
  2. Choose your local currency (used on every screen and report) and, for multi-currency, your group currency (for consolidation and journals), and tick the other currencies you trade in (e.g. USD, EUR). Click Save currency settings.
  3. Under Add a rate, enter each rate as "1 group currency = …" with the date it applies from, then Save rate.

Good to know

  • Once invoices or payments exist, the local and group currencies are fixed; you can still add or remove other currencies.
  • Documents in another currency are converted at the rate for their date. Documents without a rate are listed as Transactions waiting for a rate and are updated when the rate is added.