How Can Businesses Handle Multi-Currency Transactions in Zoho Inventory When Dealing with International Customers or Vendors?
Zoho Inventory supports multi-currency features, allowing businesses to buy and sell globally while maintaining financial accuracy and consistency.
Enable Multi-Currency:
Go to Settings → Currencies → Enable Multi-Currency.
Add the required foreign currencies and set conversion rates manually or enable auto-sync.
Assign Currency to Contacts:
When creating a customer or vendor profile, assign their preferred currency.
Transaction Currency:
While creating Sales Orders, Invoices, or Purchase Orders, Zoho auto-selects the contact’s currency and converts it based on the rate.
Financial Sync with Zoho Books:
All currency fluctuations, gains/losses, and tax calculations are accurately recorded and reflected in Zoho Books.
Why This Workflow Matters:
Supporting multiple currencies allows you to expand globally, maintain transparency with international partners, and stay financially compliant without the risk of miscalculations.
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