Currencies

Webrino defines a set of commonly used currencies for performing business transactions in the software. Three pre-populated world currencies are included:

  • INR: Indian Rupee
  • USD: United States Dollar
  • EUR: Euro

All financial transactions on Webrino are associated with a particular currency. In addition to the commonly used currencies that ship with Webrino, an administrator may create more currencies as required by the Business.

Adding a New Currency

Only an administrator may add new currencies. To add a new currency to the existing list of currencies:

  1. Drop-down the Administration menu
  2. Move the mouse to Currency & Exchange
  3. Select New Currency from the sub-menu.

In the New Currency form, fill in the information as recommended:

  1. Key: Best practice is to use the ISO notation for the currency. For example: INR for Indian Rupee, USD for US Dollar, EUR for Euro, JPY for Japanese Yen etc.,
  2. Name: The full name of the currency. For example: "Indian Rupee" or "US Dollar".
  3. Symbol: A short notation or symbol for the specifc currency. For example: Y for the Japenese Yen.
  4. Unit: The name for the currency unit. For example: "Rupee" or "Dollar". This is used when numbers are translated to words ($ 1000 will be written as One Thousand Dollars when generating documents like invoices or quotations).
  5. Sub-unit: The name of the currency sub-unit. For example: "Paise" or "Cent". This is used when decimal points in numbers are translated to words ($ 5.35 will be written as Five Dollars and Thirty Five Cents).
  6. Decimal precision: Number of digits after the decimal place. It is recommended that this be set to 2 per best practices.

Listing or Editing Existing Currency

Any user may see a list of available currencies in the system. However, only an editor can edit currency information. To see a list of currencies:

  1. Drop-down the Administration menu
  2. Move the mouse to Currency & Exchange
  3. Select All Currencies from the sub-menu

To edit a currency, a user must go to the list of all currencies available in the system using the steps above. Then in this list of currencies, the administrator can click on the Edit () icon in the Actions column for editing the currency on that particular row.