This task is normally performed by a trained Salesforce administrator. To learn how to navigate Salesforce CRM, visit the Trailhead learning resource in the Help section of your Salesforce account.

 

Add Currencies

  1. Log into Salesforce and navigate to Setup.

  2. Navigate to Manage Currencies.
    • Salesforce Classic: Select Company Profile in the left menu, then click on Manage Currencies.
    • Lightning Experience: Select Company Settings in the left menu, then click on Manage Currencies.
  • Click the Manage Currencies button. Click the New button to add each currency used by your business.

  • Note: The conversion rates will be set up next, even though the average conversion rate is a required field when setting up new currencies.

  • Note: There is a “corporate currency” checkbox that can be used in other areas of the Salesforce application, but Accounting Seed uses the currency that is associated with the ledger; that is where the corporate currency should be set.

 

 

Add Exchange Rates

Once all of your currencies have been set up, go back to the main Manage Currencies page and click the Manage Dated Exchange Rates button.

  • This is where you can manually enter all of the exchange rates for each currency that was set up. Simply click the New Exchange Rates button and enter the current rates here.

  • It is important to note that these exchange rates will be active for the entire period until they are updated. If exchange rates are entered on October 25th and then updated again on November 5th and a billing is processed on October 31st, then the associated exchange rate for the October 31st billing will be the rate that was entered on October 25th in the Manage Dated Exchange Rates list.

           

 

  • If you do not want to manually update these rates, there are three apps on the Appexchange that will update the currencies automatically for you. These are Currency Updater, Global Currency Updater, and Currencies on Demand.
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