Implemented
Support for Multiple Currencies with Suppliers / POs
Mark Aldous
said
over 6 years ago
Hi,
the fnctionality to support supplier currency is already supported
Please review the following guide on setting up a Purchase Order conversion rates
http://www.linnworks.com/support/inventory-management-and-stock-control/inventory-knowledge-base/purchase-order-conversion-rates-and-currency
If you add the add the supplier price to the inventory item in the supplier currency this will be used when the Purchase Order is created.
http://www.linnworks.com/support/inventory-management-and-stock-control/my-inventory/managing-inventory-items/suppliers
Mark Aldous
Head of Implementation
Linn Systems Ltd
the fnctionality to support supplier currency is already supported
Please review the following guide on setting up a Purchase Order conversion rates
http://www.linnworks.com/support/inventory-management-and-stock-control/inventory-knowledge-base/purchase-order-conversion-rates-and-currency
If you add the add the supplier price to the inventory item in the supplier currency this will be used when the Purchase Order is created.
http://www.linnworks.com/support/inventory-management-and-stock-control/my-inventory/managing-inventory-items/suppliers
Mark Aldous
Head of Implementation
Linn Systems Ltd
Scott Parkin
There is no support in Linnworks for inputting prices in any other currency than the default (in our case, GBP)
It would be great if a currency could be selected for a supplier, and then any prices input for that supplier are based in that currency.
How the calculation is done to convert back to GBP could be handled in the Purchase order, as the rate of exchange could be entered.
This could be manually entered using the rate that was obtained when funds were transferred to the supplier.
This rate could be used to calculate the stock cost as POs are booked in to stock.
For us, comparing these costs vs suppliers in other currencies is also important, so being able to compare vs an estimated rate would also be a good idea
Thanks
3 people like this idea