How to Add a New Currency

Overview

New currencies can easily be added to BillingPlatform. Simply select the desired currency from a list of pre-defined currencies and specify whether to provision default pricing. If selected, a default rate for new currencies can be automatically added to products based on an initial exchange rate.

Step 1: Navigate to Setup > Localization > Currency

This will display a list of currencies that are active in BillingPlatform. From here, it is possible to create new active currencies, edit current currency properties, or delete currencies.

In order to create new currencies, click the 'New' button.

Step 2: Select desired new currency.

From the New Currency drop-down, a list of available currencies is displayed. If the 'Provision Default Pricing is checked, then default pricing will be propagated throughout the system and rates will be based on the exchange rate defined at time of currency creation.

Field Description
New Currency Select currency from list of available currencies in the system.
Provision Default Pricing When checked default pricing will be propagated throughout the system and rates will be based on the exchange rate defined at time of currency creation.
Source Currency This is the currency to be used as the exchange rate.
Exchange Rate Exchange rate of source currency.


Step 3: Define information about currency

Currency information such as the Currency Code, Location, Name and Currency Sign are pre-populated. If desired these can be changed to fit specific needs.

Click save to create new currency. Newly created currencies will immediately be available for use within BillingPlatform.

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