FAQs

Why can’t I enter the unit cost of a new managed material item in multiple currencies, and how does the multi-currency feature work in TidyStock?

The unit cost for a managed material item in TidyStock is entered in the base currency of your home country because it reflects the value of stock on hand, not the purchase price. This value is considered a current asset and is linked to the Stock On Hand (SOH) account in Xero.

However, purchase orders (POs) can be created in any currency, and suppliers can be paid in that currency. When the items are received, the value is automatically converted to your base currency to reflect the stock on hand accurately. This allows you to manage inventory with the correct financial value, even when dealing with multiple currencies.

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