Knowledgebase & Support

The Multicurrency Module in MokoCRM enables you to manage financial transactions in multiple currencies across proposals, orders, invoices, and payments. It allows you to define exchange rates, set default currencies per customer or document, and automatically convert totals for accurate accounting and reporting.

The Multicurrency Module in MokoCRM enables you to manage financial transactions in multiple currencies across proposals, orders, invoices, and payments. It allows you to define exchange rates, set default currencies per customer or document, and automatically convert totals for accurate accounting and reporting.

🧾 Enabling the Module

1. Navigate to:
   Home → Setup → Modules → Multicurrency
2. Click Activate
3. Go to Setup → Dictionaries → Currencies to define active currencies and base currency

💱 Managing Currencies and Exchange Rates

1. In Setup → Dictionaries → Currencies, add or edit:
   • Currency code (e.g., USD, EUR, GBP)
   • Symbol and Decimal format
   • Exchange rate relative to base currency
2. Update exchange rates manually or via third-party integrations

🧾 Using Multicurrency in Documents

• When creating a:
  • Proposal
  • Sales/Purchase Order
  • Invoice
  you can select a specific currency for that document
• The system will:
  • Display prices in the selected currency
  • Convert amounts to base currency for accounting
• Currency can be defaulted per third party under their record

🔗 Integration With Other Modules

• Customer & Supplier Invoices: Allow pricing and payments in foreign currency
• Payments: Track and reconcile multi-currency payments
• Accounting (double-entry): Converts into base currency for ledger consistency
• Bank & Cash: Support accounts in different currencies

📊 Reporting and Reconciliation

• View totals in document currency and base currency
• Export sales/purchase reports with currency breakdowns
• Reconcile accounts using exchange rate at payment time

📌 Best Practices

• Update exchange rates regularly to ensure accuracy
• Assign default currency to each customer or vendor based on geography
• Review currency gains/losses when closing periods
• Train staff to check currency field when creating financial documents
• Use consistent base currency for reporting and accounting integrity