Introduction
Welcome to our guide on managing currencies in Empress. If your business operates internationally, dealing with multiple currencies is an everyday reality. However, it doesn’t have to be a challenge, thanks to the Currency List feature in Empress. This user-friendly feature allows you to view, edit, sort, and track all the currencies you deal with, all in one place.
What is the Currency List?
The Currency List is a comprehensive database of currencies that your business may deal with. It includes each currency’s value, symbol, and fractional unit, such as cents or pence. The list comes pre-filled with many of the most common global currencies, making it quick and easy for you to find and select the ones you need.
The Currency List is more than just a static list of currencies. It’s a dynamic tool that auto-updates each currency’s exchange rate according to the current market rate. This provides you with real-time, accurate financial information, vital for making informed business decisions.
Accessing the Currency List
To access the Currency List, follow these simple steps:
- Navigate to Home
- Select Accounting
- Choose Multi Currency
- Click on Currency
Customizing Your Currency Settings
Empress understands that each business is unique, which is why it allows you to customize your currency settings to suit your specific needs.
Enabling and Disabling Currencies
By default, Empress enables a few popular global currencies and your local currency. If you need to add more, you can easily do so by ticking the ‘Enabled’ box next to the relevant currency in the Currency List.
Configuring Fractional Units
Many currencies have fractional units, like cents for dollars or pence for pounds. Empress lets you customize the name of these fractional units for when numerical values are converted into words.
Customizing the Currency Symbol
Each currency in the Currency List comes with a standard symbol pre-filled. If you need to change a symbol, you can do so in the Currency document. You can also change the position of the symbol by ticking the ‘Show currency symbol on right’ box. If you prefer not to display currency symbols at all, you can hide them via ‘Global Defaults’.
Conclusion
Managing multiple currencies is an integral part of international business. With Empress, this task becomes significantly easier and more efficient. By allowing you to customize your currency settings, Empress ensures that your financial operations are accurate and tailored to your business needs. For additional support or resources, please visit our support page.