Overview

Costs will be entered in your vendor's currency when it is different from the company's currency. This article explains how this option works from procurement screens.

Information

Komet allows users to set up an exchange rate in case the vendor has a different currency. This option is only available when the Multicurrency setting is enabled. For more information, please visit: Exchange Rate Setup and Vendor's Currency Setup.
Sales users will be able to enter the cost in the vendor's currency while creating the Standing Order or the prebook, however, you, as procurement user can reenter the actual cost according to the exchange rate at the time of the purchase.
For a greater accuracy in the cost calculations, Komet saves up to 7 decimals in its database, however, the system displays up to two decimals in the purchasing screens.

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Information

The PO Total will be reflected both in the company and vendor's currency from the PO Summary>> PO Details screen.

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Knowledge Base

Exchange Rate for Purchasing Modes

Overview