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Managing base currency inside Katana
Managing base currency inside Katana

Set the base currency to standardize financial transactions and reporting across your business operations.

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

In Katana, setting a base currency helps standardize all financial transactions and reports, ensuring consistency across various business operations. The base currency is used for all financial data, including sales, purchases, and inventory valuation.

To change your base currency

If you're just beginning to work with Katana, it's good to make sure the default currency that will be used when displaying sales prices, manufacturing costs of products and materials, and stock values in Katana is set to what you want.

Changing the default currency

  1. Go to the Settings screen > General

  2. Select the currency from the dropdown menu.

Note: On the Starter plan, Katana supports using only one currency. You cannot use other currencies for specific Sales or Purchase orders.

Katana supports using multiple currencies on the Standard and higher plans. If you're on the Starter plan, give one of the plans a free 14 day trial. Read more about multi-currency

Why base currency is locked

As you start using multi-currency functionality on a higher plan and begin converting your orders or setting up integrations, it's no longer possible to change the base currency. This is to keep consistency in Katana throughout history as Katana is not able to do bulk conversions on historical data.

Katana will lock your base currency when at least one of the conditions applies:

  • Connecting to an e-commerce store (eg. Shopify or WooCommerce) that has a different store currency than Katana base currency.

  • Your Katana is connected to an accounting platform (eg. Xero, QuickBooks).

  • At least one sales or purchase order is created in foreign currency.

  • At least one customer or a supplier is added who has a different default currency than the base currency.

If you need to change your base currency, resolve the conditions listed, or if you're only testing out, you can also clear all data from Katana.

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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