Overview / Benefits of Multi Currency in Marg Books

Process to Enable Multi Currency in Marg Books

Process to Configure Multi Currency in Marg Books

Process to Create International Party Ledger in Marg Books

Process to Create Purchase Bill for Import in Marg Books

Process to Create Sale Bill for Export in Marg Books

Overview / Benefits of Multi Currency in Marg Books

Note: Currently, Multi-Currency functionality is accessible for international setups in Marg Books.

Marg Books offers users a beneficial feature called Multi-Currency, which simplifies transactions when buying and selling products internationally. With this option, users can effortlessly manage multiple currencies.

Process to Enable Multi Currency in Marg Books

• Firstly, click on Settings' icon.

• A 'Control Room' window will appear.
• The user will search 'Multi Currency'.

• In 'Multi Currency' option, the user will select 'Yes'.

• The user will press 'ESC' key.

• A 'Save Changes' alert will appear.
• The user will click on 'Save' button.

• A 'Page Need to Refresh' alert will appear.
• The user will click on 'Ok'.

After following the above steps, the user can view the Multi Currency will get enabled in Marg Books.

Process to Configure Multi Currency in Marg Books

Now, suppose Sunrise Pharmaceuticals is going to deal with stock inward and outward with American-based companies. For that, Sunrise Pharmaceuticals needs to firstly create American currency for that, follow the below mentioned steps :

• Firstly, click on 'Master > Currency > Multi Currency'.
• A 'Currency Master' window will appear.
• The user will click on 'Create' button.

A 'Currency Master' window will appear.

1. Currency Code (ISO) : A currency code is a three-letter code that represents a specific currency in international transactions and financial systems. Suppose, enter 'USD'.

2.  Currency Symbol : A currency symbol is a graphical representation or symbol for a specific currency. Suppose, user has entered USD so, enter USD 'Symbol'.

3. Currency Name : Currency name refers to the actual name of the currency. Suppose, 'United States Dollar' is the name of the currency represented by the currency code.

4. Currency Subname : If the user is dealing with decimal amount then enter the mentioned Currency Subname i.e. Cents.

Suppose, if the user enters an amount of $25.75, you would refer to the decimal part as '75 cents' to specify the subname associated with the US Dollar.

Then, click on 'Save' button.

• The user can view the Currency will get created in Marg Books.

• The user will now enter the currency exchange rate into the software :
• Click on 'Master > Currency > Exchange Rate'.

• An 'Exchange Rate' window will appear.
• In 'Name' field, the user will select currency whose exchange rate needs to be mentioned.
• Suppose select 'Dollar $'.

• In 'Date' field, the user will select the current date.

• In 'Exchange Rate' field, the user will enter the current exchange rate of the entered currency.

For Example: If your country's base currency is 'Rupees', then you will enter the exchange rate for the Dollar based on Rupees.

Process to Create International Party Ledger in Marg Books

• Firstly, click on 'Master > Account Master > Ledger'.

• A 'Ledger Master' window will appear.
• The user will click on 'Create' button.

• A 'Create Party' window will appear.
• The user will click here to create ledger.

• In 'Currency' option, the user needs to select the currency based on the party's country.
• Suppose select '$'.

• Now, click on 'Save' button.

Process to Create Purchase Bill for Import in Marg Books

• Firstly, click on 'Purchase > Bill'.

• A 'Purchase Bill List' window will appear.
• The user will click on 'Create' button.

• A 'Purchase Bill' window will appear.
• In 'Entry Date' field, the user will enter the date as per the requirement and press 'Enter' key.

• A 'Select Party' window will appear.
• The user will select party whose import purchase bill needs to be created.
• Suppose select 'Hawaii Pharma' and press 'Enter' key on it.

• In 'Invoice No.' field, the user will enter the invoice no. as per the requirement and press 'Enter' key.

• In 'Product' field, the user will press 'Enter' key.

• A 'Select Item' window will appear.
• The user will select item which needs to be imported.
• Suppose select 'Healwell' and press 'Enter' key on it.

• The user will enter item details as per the requirement i.e. batch, expiry date & qty etc.

• In 'Rate' field, the user will enter the product purchasing amount in dollars.
• Suppose enter '6$'.

• The user can view the Forex amount, exchange rate, and the calculated amount in the base currency accordingly in the window.
• The user can also change the exchange rate in this window to reflect the current rate.

• Here, the user can view the value in dollars. Now, click on the 'Save' button to save the bill.

• An 'Other Information related to Import' window will appear.
• The user will enter import details according to their bills, such as buyer's order number, shipping port, exporter reference, etc.
• Then, click on 'Save' button.

Process to Create Sale Bill for Export in Marg Books

• Firstly, click on 'Sale > Bill'.

• A 'Sale Bill List' window will appear.
• The user will click on 'Create' button.

• A 'Sale Bill' window will appear.
• The user will enter 'Bill No. and Date' as per the requirement and press 'Enter' key.

• A 'Select Party' window will appear.
• The user will select party whose export sale bill needs to be created.
• Suppose select 'Smith Enterprises' and press 'Enter' key on it.

• In 'Product' field, the user will press 'Enter' key.

• A 'Select Item' window will appear.
• The user will select item which needs to be exported.
• Suppose select 'Healwell' and press 'Enter' key on it.

• The user will select 'Item's Batch' which needs to be exported.
• Suppose select '1' and press 'Enter' key on it.

• In 'Qty' field, the user will enter the quantity as per the requirement.

• In 'Rate' field, the user will enter the product selling amount in dollars.
• Suppose enter '10$'.

• The user can view the Forex amount, exchange rate, and the calculated amount in the base currency accordingly in the window.
• The user can also change the exchange rate in this window to reflect the current rate.

• Here, the user can view the value in dollars. Now, click on the 'Save' button to save the bill.

• An 'Other Information related to Export' window will appear.
• The user will enter import details according to their bills, such as buyer's order number, shipping port, exporter reference, etc.
• Then, click on 'Save' button.

So, in this way users can configure and implement Multi Currency in Marg Books.