Katana enables you to sell in multiple currencies and automatically converts your sales prices to foreign currencies so your customers can receive the order in the currency they prefer.
If you are selling online, your orders will be imported in the currency they were created in the e-commerce store and your orders will be converted to your base currency. Read more on how multi-currency works with Shopify or WooCommerce.
In short Katana lets you:
´Create a Sales Order in foreign currency.
Keep your order currency updated daily using the daily exchange rate.
Automatically fix the rate on the Sales Order (read here).
Edit the conversion rate and date on the Sales Order (read here).
How to create a Sales Order in foreign currency?
1. You can create a new Sales Order by clicking on the global "+" sign and selecting "+ Sales order"
2. Once you select a Customer that you have set to use a different foreign currency the order currency will default to that
3. Sales order rows will now be added by converting your product price per unit to the currency of the order. (eg. if my base currency is USD and if my Sales Order is in EUR then my Sales Price of 300 USD will be converted to the equivalent value in EUR)
The converted total and conversion rate are visible in the total's 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 Sales Order screens in Katana.
4. Next step in selling in foreign currency is fixing your currency rate and this can happen in a couple of ways - read here.
Later, when changing the customer on the Sales Order to one that uses a different currency, Katana will always ask for your confirmation if you would also like to convert the prices to that customer's currency.
What else should I know about Sales 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 Sales Order once the currency rate is fixed.
Once the rate is fixed you are able to edit the rate.