Katana enables you to buy in multiple currencies, keep your purchase prices in foreign currencies, and automatically convert them to your base currency, so your stock is always accurate in your local currency value.

In short, Katana lets you:

  1. ´Create a Purchase Order in a foreign currency.

  2. Keep your order currency updated daily using the daily exchange rate.

  3. Automatically fix the rate on the Purchase Order (read here).

  4. Edit the conversion rate and date on the Purchase Order (read here).

How to create a Purchase Order in a foreign currency?

1. You can create a new Purchase Order by clicking on the global "+" sign and selecting "+ Purchase order"

2. Once you select a Supplier that you have set to use a different foreign currency the order currency will default to that.

3. Purchase order rows will now be added using the currency of the order.

  • ´If you are using the default supplier for the item then your default purchase price is used. (eg. your supplier currency is GBP and your purchase price is set as 300 GBP then this will be used as purchase price per unit on the order.)

  • If you are using a different supplier with a different currency on the order then rows will now be added by converting your purchase price to the currency of the order. (eg. your Purchase order currency is USD but your default purchase price (on item) is set as 300 GBP then this will be converted into purchase price in USD on the order).

The converted total and conversion rate are visible in the totals section of the order.

Katana will update this conversion rate daily so your open orders are always reflecting accurate prices and value in all your Purchase Order screens in Katana.

4. Next step in buying in foreign currency is fixing your currency rate and this can happen in a couple of ways - read here.

Later, when changing the supplier on the Purchase Order to one that uses a different currency, Katana will always ask your confirmation if you would also like to convert the prices to that supplier's currency.

What else should I know about Purchase Orders in multiple currencies?

  • It's possible to change the currency on the order and then Katana will convert all your prices on the rows to that currency.

  • The currency field will be locked on your Purchase Order once the currency rate is fixed.

  • Once the rate is fixed you are able to edit the rate.

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