Zumzum Financials Knowledge Base
Overview
Zumzum Financials processes transactions with multiple currencies. Each transaction will calculate the values in three different currencies:
Foreign Amounts – fields with the prefix Foreign represent the transaction currency. Users will select a Zumzum Currency on each transaction.
Company Amounts – fields prefixed with Company Amounts represent the Foreign Amount converted to the Company Currency defined on each Company (Zumzum supports Multiple Companies)
Amounts – fields without any prefix represent the Foreign Amount converted to the Currency that “Is Corporate” is ticked
When you enable the Zumzum Multi-currency feature, each page in the user interface will allow the user to select a Zumzum “Currency”. This essentially is the Transaction Currency, which will be converted to the other currency values.
Enable Zumzum Multi-Currency
Follow these steps to enable the Zumzum Multi-Currency feature
- Go to the Setup(Zumzum) tab.
- Click the Company Setup button.
- Select the Edit button.
- Tick the Multi-Currency Organisation.
- Click Save.