Torgsoft: working with different currencies

Many entrepreneurs use several currencies in their business processes, and Torgsoft helps them organize full-fledged accounting. What functionality is provided for this in the program will be discussed further.

When working with different currencies, you can:

• Add any currency to the program. In this case, you need to set the exchange rate, which can be easily changed in the Payment - Currency rate menu item. The exchange rate is specified at which the entrepreneur can buy currency from a bank (sale).
• Display the purchase and sale of currency. Select the Payment menu item - Currency exchange. This is necessary when selling products (conversion), for example, in hryvnia, and paying the supplier in dollars.
• Post the goods in any currency entered the program. The document is the goods receipt. Conduct sales both in national currency, recalculating at the exchange rate, and in the currency of arrival using the Trade with invoice mode or Sales (for Sales, you need to enable the additional option Multi-currency sales).
• Set the equivalent of the retail and wholesale price in the currency in the product card for the product, and revalue it.
• Adjust the selling price when the exchange rate changes. Warehouse - Calculation of retail and wholesale prices by markup and exchange rate. Here you can also make a revaluation from the purchase price or from the equivalent retail price in the currency at the current exchange rate.
• Create sales proposals and invoices. Mode: Document - Trade with invoice. You can also fix the exchange rate for payment by checking the corresponding box.
• Create currency price lists for your customers. Mode: Warehouse - Currency price list.
• Accept payments by invoice. Mode: Document - Trade with invoice.
• Pay for goods to suppliers. Mode: Payment - Balance with partners. Payment for goods to the supplier can be made in any currency if the invoice currency is national, or for an invoice in foreign currency, payment can be made in the invoice currency or national currency
• Control settlements with suppliers and customers in different currencies. Mode: Payment - Balance with partners.

As you can see, there are many opportunities for multi-currency accounting in Torgsoft. Each function mentioned above is described in more detail in the User Manual, which is available in the program for each client (Help - Help) and on the website here. In addition, our technical specialists will be happy to help you understand any issue related to Torgsoft. Contact us!