🌍 Managing Currency in VinAR-ERP

VinAR-ERP allows businesses to manage multiple currencies with ease. The Currency List stores essential details like currency names, symbols, and fractional units (e.g., "Cents" for USD, "Paise" for INR). Most commonly used currencies are preloaded into the system, and exchange rates are automatically updated based on market trends.

📍 To Access Currency List:
➡️ Home > Accounting > Multi-Currency > Currency

1️⃣ Configuring Currency Settings

Each currency has a default setup based on global standards, but you can customize it according to your needs.

🔹 Enabling or Disabling Currencies

By default, only a few major currencies (along with your company’s currency) are enabled.

✅ To enable additional currencies, go to the Currency List and check the "Enabled" box.

🔹 Fractional Units

Some currencies have smaller denominations (e.g., "Cents" for USD, "Paise" for INR). You can define how these units appear when converting numbers into words.

🔹 Currency Symbols

💰 Standard currency symbols (e.g., $ for USD, € for EUR, ₹ for INR) are predefined but can be updated as needed.

✔️ To place the currency symbol after the amount, enable "Show currency symbol on right".
✔️ To hide all currency symbols, adjust settings in Global Defaults.

2️⃣ Setting Up Exchange Rates

VinAR-ERP automatically fetches the latest exchange rates. However, if your business operates on fixed exchange rates, you can manually define them in the Currency Exchange form.

📍 To access Exchange Rates:
➡️ Home > Accounting > Multi-Currency > Currency Exchange

✅ Why Manage Currencies in VinAR-ERP?

✔️ Automatic exchange rate updates
✔️ Customizable currency settings
✔️ Supports multiple currencies for global businesses
✔️ Easily enable/disable currencies as needed

VinAR-ERP makes multi-currency management effortless and efficient!