Assign a Currency to a Vendor

After the Multicurrency option is enabled, a field with currency options is displayed in the vendor setup window so a different currency can be selected. (To know how to enable multicurrency, please click here). 

How does this option work?

Once you setup a currency and exchange rate for a vendor, costs will be entered in your vendor's currency instead of your company's currency. However, users will always be able to see the exchange rate and the cost in your company's currency. This applies for Standing Orders, Prebooks, Purchase Orders and for the Accounts Payable screens.