Currency

Overview

Note: Help content (except videos) has been updated to reflect the UI/UX changes in CORE.

In a globalized world, your business can take place in multiple locations, say United States, Canada, Mexico and China. With different countries and foreign currencies, billing can get confusing. If you do business with international clients, you can enter foreign currency transactions in CORE the same way as you enter them in your local currency. CORE offers multi-currency support to bill your foreign clients in their currency values, making invoicing and payments easier.

The Currency screen displays a list of all currencies, country names and exchange rates or multipliers along with other relevant information to be used for currency conversion. Using these currency exchange rates, CORE converts your home currency amounts on the invoices to the local currency of your clients. It applies the exchange rate as of the date when an invoice is generated and saves that rate, ensuring the same conversion rate is used when recording payments. Click to watch this video on managing multiple currencies in CORE.

You can also enter expenses in foreign currencies and have CORE display the expense amount in both the local and foreign currency. You can specify a default home currency in the Company screen and then override it in the Employees screen or while entering expenses in the Expense Entries screen. Values on the CORE reports always appear in your home currency. The company records are also maintained in your home currency.

Field Descriptions

Basic Tasks

Manage Currencies

View Reports

Advanced Tasks

Show/Hide Columns in Grid

Mark Screen as Favorite

Field Descriptions

Manage Currencies

To manage your currency in CORE, watch this video or follow these steps:

1. Open the Currency screen from the side menu > Settings > Billing & Invoices.
   
   
   
   
2. In the list view, review your currencies.
3. Enter or change the Assigned Multiplier in the grid. Check Field Descriptions above for details.
4. Click Done.

View Reports

To view a report:

1. Open the Currency screen from the side menu > Settings > Billing & Invoices.
   
   
   
   
2. In the list view, click More > View Reports.
3. Select a report from the Report List dialog. It opens in the viewer.
4. Preview the report and then choose to export or print it.

Show/Hide Columns in Grid

You can configure the fields or columns that appear on the grid in the list view. You can hide or show columns, and sort the order of columns according to your requirements.

To do so, watch this video or follow these steps:

1. Open the Currency screen from the side menu > Settings > Billing & Invoices.
   
   
   
   
2. In the list view, click More > Show/Hide Columns on the action bar.
3. Select or un-select the column names in the drop-down list, say Currency Code.
4. Next, click the column name you want to sort the data by, say Currency Code.
5. Click once for ascending order (A-Z) and twice for descending order (Z-A).

Note: You can resize the column widths on the grid and then reset them, if needed (More > Reset Column Widths).

Mark Screen as Favorite

You can mark or flag the most-often used and important screens in CORE as your favorites up to a maximum of ten. These favorite screens then display separately on the side menu under the Favorites list. You can manage all your favorite screens in CORE from User Settings.

To mark this screen as your favorite, watch this video or follow these steps:

1. Open the Currency screen from the side menu > Settings > Billing & Invoices.
   
   
   
   
2. Click on the top-right.
3. You can access this screen from the side menu under Favorites.