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Setting a supplier's default currency
Setting a supplier's default currency

You can assign a default currency to each supplier in Katana

Dayvid Lorbiecke avatar
Written by Dayvid Lorbiecke
Updated over a week ago

When creating Purchase orders, you can assign a default currency to each supplier in Katana. This is especially useful when buying internationally as it automatically assigns the accurate currency to purchase prices on Purchase orders.

Your supplier's currency will be used as a default currency on the Purchase orders for that supplier - but you can always go ahead and choose another currency for a specific order.

Adding a default currency for suppliers

  1. Navigate to Contacts screen > Suppliers table.

  2. Click on the supplier you want to edit and a supplier card will open.
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  3. Choose the currency in the Currency field of a supplier to set the default for that supplier.

  4. When changing a supplier's currency, Katana allows you to convert the existing default purchase prices for all materials and products with that supplier to the new default currency based on the currency exchange rate.

    If you select Yes, convert prices, the default purchase price conversion process will begin. Selecting Cancel will keep the currency the same and default purchase prices won't be converted.

    Example: If you set your current purchase prices in base currency (eg. USD), changing the currency on your supplier (eg. to EUR) will convert default purchase prices of all items which have this supplier set as default to the converted amount in EUR (using automatic conversion rate for USD > EUR).

  5. Supplier currency can also be changed on the item card where default purchase prices are kept. Read more here about how to handle default purchase prices in your supplier's currency.

    When you set supplier currency and purchase prices, you can start buying in multiple currencies.

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