Summary
This guide covers the process of adding and managing the Exchange rate to owner currencies in the LogiSense Billing application. This Guide will provide an example of adding an Exchange rate for EURO currency and how the rate is applied to the transactions
Prerequisite
Owner currencies are configured under the Owner>Financial setting
Setup>Users & Accounts > Owner >Finnancial setting
The exchange rate can only be configured for the currencies added on financial settings
Currency Exchange Rate Configuration
Log into your LogiSense Billing application
Navigate to Setup>Finance>Currency Exchange
3. Click on the Currency Exchange Icon
4. Enter the exchange rate against the euro currency field
5.Save the Exchange Rate
6.Now Create a parent account having base currency as Euro currency
7. Create a Child account having a base currency to USD
8.Bill the Child account and view transaction on the parent account
9.Conversion rate should be applied to each transaction. 20x0.85= 17 Euro
Next Steps
The exchange rate is applied based on the currency settings on the account