Audience: Admin
Type: Reference
Reference
For system behavior and rules, see
SmartBooks Documentation – Section 3: SmartBooks Settings
Purpose
Currency Rates Settings allow you to manage exchange rates used by SmartBooks when multi-currency transactions are enabled.
These rates are used for reporting and conversion purposes.
How to Access
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Go to SmartBooks
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Click Settings
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Open Currency Rates Settings
URL format:https://app.thulo.com/{tenantname}/ps/admin/accounting/setting/currency-rates
What Currency Rates Settings Do
This section allows you to:
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View configured currencies
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Add or update exchange rates
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Control how foreign currency amounts are converted
SmartBooks uses these rates when generating reports involving multiple currencies.
Adding or Updating Currency Rates
To add or update a currency rate:
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Open Currency Rates Settings
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Select the Currency
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Enter the Exchange Rate
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Save the changes
The updated rate is used for future conversions.
Important Notes
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Currency rates apply only when multi-currency is enabled
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Changes affect future records and reports
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Existing records are not recalculated automatically
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In Nepal context, most businesses use NPR only
When to Configure This
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During initial SmartBooks setup
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When dealing with foreign currency transactions
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When exchange rates change
Related Articles
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General Accounting Settings
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Chart of Accounts
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Reports
End of Article