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Currencies

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Overview

You can create multiple currencies in your Flex system, as well as set inventory/service pricing for each type of currency. Flex Support should have set up your system to use the common currency in your area.

Adding a Currency

  1. In the Main Menu, go to System Settings and select Currencies.
  2. Click the Add New Currency button in the bottom left.
  3. Enter the new currency information.
    • Name: The name of the currency (US Dollar, Euro, etc.).
    • ISO Code: International Organization for Standardization currency code (USD, EUR, etc.).
    • Locale: Locale settings will affect the appearance of your currency, like whether it uses a comma or decimal point to split dollars and cents.
    • Issuing Authority: Optional
  4. Click OK.

Any screen where you can input pricing will have a tab with the new currency where you can input separate pricing information for that currency.

Screen_Shot_2022-05-05_at_4.08.40_PM.png

Editing a Currency

  1. In the Main Menu, go to System Settings and select Currencies.
  2. Double-click on the currency that you want to edit.
  3. Edit the currency information.
    • Name: The name of the currency (US Dollar, Euro, etc.).
    • ISO Code: International Organization for Standardization currency code (USD, EUR, etc.).
    • Locale: Locale settings will affect the appearance of your currency, like whether it uses a comma or decimal point to split dollars and cents.
    • Issuing Authority: Optional
  4. Click OK.

Setting a Default Currency for a Location

You can set a default currency for a business location. With a default currency set, any time you create a new financial element (Quote, Invoice, PO, etc.), the default currency for the location will be used.

How to choose a default currency for a business location:

  1. In the Main Menu, go to System Settings and select Business Locations.
  2. Double-click on the business location that you want to edit.
  3. Click the Edit Location icon in the header.
  4. Choose which currency to be the default in the Currency field.
  5. Click OK.

Screen_Shot_2022-05-05_at_4.12.20_PM.png

Setting a Default Currency for a Contact

You can set a default currency for a contact. With a default currency set, any time you create a new financial element (Quote, Invoice, PO, etc.), the default currency for that contact will be used. The default currency for a location will be overridden by the default currency for a contact.

How to choose a default currency for a contact:

  1. Open the Contact for which you want to set a default currency.
  2. Click the Default Terms tab.
  3. Choose a default currency from the dropdown menu.

Screen_Shot_2022-05-05_at_4.16.21_PM.png

Keep in mind, if "Inherit Default Terms" is set to Yes and the contact is associated with a Company, you will not be able to adjust this. Instead, the contact will use the company's default currency.

Deleting a Currency

  1. In the Main Menu, go to System Settings and select Currencies.
  2. Select the checkbox(s) of the Currency you want to delete.
  3. Click the Delete Selected Currency(s) icon located in the bottom left of the tab.

Undeleting a Currency

  1. In the Main Menu, go to System Settings and select Currencies.
  2. Check the "Show Deleted Only" option located in the bottom left of the tab.
  3. Select the checkbox(s) for the currency you want to undelete.
  4. Click the Undelete Selected Currency(s) icon located in the bottom left of the tab.

 

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