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How to manage currencies in EspoCRM

Usually, the companies that run an international business are in dire need of a CRM system that supports business transactions in multiple currencies. Fortunately enough EspoCRM can boast a multi-currency functionality and today we’ll show you the benefits of its usage.

Let’s figure out how this multi-currency functionality works. To start with, you should go to Administration > Currency.

At first, quite a good thing is to create and manage the currency list that will be available for selection in multi-currency fields. It’s convenient if you handle business transactions with international clients as it promotes an international trade. When adding a new currency, opt it from the list of currencies. Here you are also able to set up the default currency, which will be your company’s primary currency used for all the reports and other company’s income calculations, and change its format. In the end, don’t forget to save the changes.

Add Currency

As you can see we are able to select the needed currency in multi-currency fields from the currency list that we’ve managed.

Currency List

In case you want each of your employees to work with different default currency, you can configure it in Preferences by selecting the needed currency as default and saving the changes.

Default Currency

Hope the information was useful for you! Thanks for paying attention!