Using multiple currencies

As seen previously, the ADempiere cash book can be set up not only for one currency, but also for more. It seems that ADempiere has a multi-currency feature. What is the most important point that we need to know when implementing a multi-currency transaction?

Like many standard ERP systems, ADempiere has an ability to handle multi-currency transactions. For the prerequisites, you have to know and configure the:

• Currencies that will be used

• Currency conversion type, such as Spot, Average, and so on

• Currency conversion rates

We will learn how to manage currencies in the following sections.

Currency

Currently, you have two ADempiere clients in your system: Sistematika Fashion, Ltd and Garden World. While working with multiple clients, there is a standard feature to share information among the ADempiere clients. An example of shared information is Currency.

To access master data like currencies, ADempiere provides a pre-configured System client. There is an option to set up...