Currency Settings

Overview

These settings determine whether multiple currencies are used and how they are converted. How currencies work in each module is explained on Currency Reference.

Settings

Setting	Value	Default
Accounting > General Settings > Currency Conversion Model	Choose the currency conversion model: Local Currency to Foreign Currency: 1 of the local currency buys x of the foreign currency. Foreign Currency to Local Currency: 1 of the foreign currency buys x of the local currency.	Local Currency to Foreign Currency
Accounting > General Settings > Decimals in Currency	Select the number of decimals (2 or 3) to use when converting currencies.	2
Accounting > Enable Multi-currency	Checkbox. If checked, multiple currencies can be used and bank accounts are assigned specific currencies.	Unchecked

Setting

Value

Default

Accounting > General Settings > Currency Conversion Model

Choose the currency conversion model:

Local Currency to Foreign Currency: 1 of the local currency buys x of the foreign currency.
Foreign Currency to Local Currency: 1 of the foreign currency buys x of the local currency.

Local Currency to Foreign Currency

Accounting > General Settings > Decimals in Currency

Select the number of decimals (2 or 3) to use when converting currencies.

Accounting > Enable Multi-currency

Checkbox. If checked, multiple currencies can be used and bank accounts are assigned specific currencies.

Unchecked

Currency Settings

Overview#

Settings#

Overview

Settings