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Buying in multiple currencies
Buying in multiple currencies

Manage purchases in multiple currencies for accurate financial tracking.

Dayvid Lorbiecke avatar
Written by Dayvid Lorbiecke
Updated over 5 months ago

Purchasing in multiple currencies allows businesses to manage international procurement with ease. By buying in multiple currencies, companies can streamline their procurement operations, enhance financial management, and maintain consistency in international transactions, optimizing overall supply chain efficiency.

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

In Katana you can:

  • Create a purchase order (PO) in a foreign currency.

  • Keep order currency updated using the daily exchange rate.

  • Automatically fix the rate on a PO (read here).

  • Edit the conversion rate and date on a PO (read here).

Creating a PO in a foreign currency

  1. Create a new PO by clicking the global "+" sign and selecting + Purchase order.

    Quick add a purchase order

  2. Select a supplier that uses a non-base currency and the order's currency will default to that.

    Purchase order using a different currency

  3. PO rows will use the currency of the order.

    1. If you use the default supplier for an item, your default purchase price is used. (eg. if your supplier currency is GBP and your purchase price is set as 300 GBP, this will be used as the purchase price per unit on the order.)

    2. If you use a different supplier with a different currency on the order, rows will be added by converting your purchase price to the currency of the order. (eg. your PO currency is USD but your default purchase price [on item] is set as 300 GBP - this will be converted into purchase price in USD on the order).

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

    Totals on a purchase order reflecting different currencies

    Katana updates this conversion rate daily, so open orders always reflect accurate prices and value in all of your PO screens.

  4. You can fix your currency rate in a couple of ways.

    When changing the supplier on a PO to one that uses a different currency, Katana will ask for your confirmation if you want to convert the prices to that supplier's currency.

Additional info about POs in multiple currencies

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

  • The Currency field is locked on a PO once the currency rate is fixed.

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


Your feedback is invaluable. Let us know your thoughts on this article or anything in Katana you'd like to see improved: [email protected]

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