If you're setting up a managed item, it has an accounting value (Stock on Hand) which is always recorded in your organisation’s base currency. This is because these items appear on your balance sheet.
However, this doesn't stop you from purchasing from a supplier in a different currency, like USD. When a Purchase Order (PO) is receipted, the value is converted using the exchange rate at that time.
Important: Exchange rates in Tidy do not automatically sync with your bank. Before receipting a PO involving a foreign currency, make sure to check and update the exchange rate to reflect the most accurate conversion.
Have a look at similar frequently asked questions or visit our FAQs page for more information
