Selling to a customer in foreign currency
To help manage your product's prices when they're sold in different currencies you can use the Sell Price Tiers function, allocating a tier per currency and setting the appropriate tier to a customer with the matching currency. This means that when Sales Orders are created for the Customer, products will automatically populate the Customer's Sell Price Tier price.
The easiest way to manage selling your stock to customers in various currencies is to:
Set up each currency in your account.
Set up currency-based Sell Price Tiers.
Setup currency based prices per product's Sell Price Tier.
Setup a Customer with a Sell Price Tier.
Set up alternative currencies
Currency Rates set in your account are static and are not designed to live update as exchange rates fluctuate. Once a Currency Rate has been created in Unleashed, Customers with the allocated rate will populate with the Buy (Default) rate that is currently set, but you will also have the opportunity to amend the rate per transaction. Similarly, you can edit the default rate in your Settings, as and when appropriate.
If a currency you will be selling to is not available to assign to a new customer,
From the main menu, go to Settings > System > Currency Rates.
Use the Currency Selection drop-down field to select the foreign currency that will be used.
Use the Buy and Sell rate fields to advise a current default rate to convert the currency to your account's base currency.
Click Save.
Set up currency-based Sell Price Tiers
From the main menu, head to Settings, System and click on Sell Price Tiers.
Update the Tier names, allocating a currency per tier.
Click Save.
Set up currency-based prices per product's Sell Price Tier
Allocating currency-specific prices per product using the sell price tiers can be done in Unleashed directly, on a per-product basis. Or you can use the Import Products template to update your product's sell price tiers in bulk.
Go to your product in Unleashed and click on the Sale tab.
In the Sell Price Tier tab, update the Current Price field per Tier to allocate the product's price in that currency.
For example, if a product is to be sold in AUD, USD and EUR and you have each currency as a Tier, the product's Current Price per Tier will show as AUD = 7.68, USD = 8.99, and EUR = 6.99.Click Save.
Set up a customer with a currency-based Sell Price Tier
To assign a currency-based Sell Price Tier to a customer:
Open the customer's record.
In the Details tab, use the Sell Price Tier drop-down menu to select the appropriate tier for the customer's currency.
Click Save.
A customer's currency cannot be amended after a transaction has been created; you must therefore make sure your customer has their currency correctly allocated before creating any transactions for them.
Create a Sales Order with the currency-based sell price tier
When a customer is set up with a currency-based Sell Price Tier saved in their customer record, the following steps outline how a Sales Order will work:
Create a new Sales Order for the customer.
The Exchange Rate field, which will be labelled with the format {base currency} to {customer currency}, will populate the currency rate's default rate. Edit the rate as appropriate before completing the order or its invoices.
Add each ordered product in the Order Lines tab. The Unit Price will populate the value entered for the Sell Price Tier in the product's record.
The totals at the bottom of the Sales Order will show the sales total in your customer's currency, and the sales total in your base currency, calculated using the Exchange Rate provided.