This article explains how to create and edit your Standing Orders for vendors with a different currency so you are always aware of the cost and price both in your company currency and in your vendor's currency.

• Features explained below will only be available when the multi-currency setting is enabled. For more information, please read: Exchange Rate Setup and Vendor's Currency Setup.
• Costs and exchange rates entered in Standing Orders (SO's) will be transferred to Prebooks and Purchase Order once they are created, either through  the manual or through the automatic process.

When a product is being added to a Standing Order for a vendor who has a different currency, the system will identify the currency and the exchange rate set up, so that the user enter the cost in the vendor currency and the price, in your company currency.

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This also applies while adding products in units and mixed boxes. Costs will be entered in the foreign currency and by hovering the mouse over the currency name, the system will display the exchange rate and the unit cost, both in the vendor currency and in the company currency. 

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You will visualize costs in your vendor currency (when it is different from your company currency) from the Standing Order details screen and while using the Edit Vendor and Cost option.

Standing Orders created before the 15th of October, 2020 won't display the vendor currency and the exchange rate. To update and visualize multicurrency information for those orders, follow the next steps.

Ui steps
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Ui step Go to Prebooks & SO's>>Standing Order Summary. Ui step Search for the Standing Order for which you want to update the cost in the foreign currency. Ui step Click on the option Edit Vendor and Costs option from the Actions column Ui step Reenter the vendor of the Standing Order. Once you do that, the cost field will be updated displaying the cost in your vendor currency. Hover the mouse over the currency symbol to see the current exchange rate and the cost in your company's currency. Ui step Click on Done to save the changes.