For organizations dealing with international business transactions, such as selling products and receiving payments in foreign currencies or operating in multiple regions with different currencies, the process of handling those currencies and the varying exchange rates can become a complex process. Aptify handles these complexities by providing the ability to associate each organization with a functional currency, sell products in multiple currencies, and receive payment in foreign currencies. In addition, a means to accurately portray the accounting entries that accompany these types of transactions is provided.
This chapter topic describes how to configure Aptify to support multiple currencies and how to work with foreign currency transactions. See "Understanding Foreign Currency Concepts" on page 261 for for information on the accounting used by Aptify to record foreign currency transactions.
This chapter topic contains the following sub-topics:
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