The Currency module is where you go to set up a home currency and also create alternative currencies that can be converted into the home currency. It’s a vitally important module to ensuring the accuracy of your inventory and accounting records, so let’s explore how to use it. Fishbowl users have the ability to use multiple currencies in their purchase orders and sales orders. In addition, data that is recorded in a specific currency will be transferred to QuickBooks in that same currency when data is exported to it from Fishbowl.
Adding CurrenciesYou can update each currency’s conversion rate on a regular basis from QuickBooks by clicking the Update button or by scheduling transfers. To add a new currency to your collection of available currencies that you can use in Fishbowl, simply click the New button and add the following information:
- Conversion rate to U.S. dollars