Setting a Pricing Method for Inventory and Services
To set up your company to conduct
business in a foreign currency
- In the Home window,
from the Setup menu, select Settings.
- Open Inventory
and Services, and then Options. Select
one of the following options:
- Calculated
using the exchange rate - Automatically calculate the price based
on the exchange rate. Use this option if you don't want to add
foreign prices to your inventory items (Step 6 above), or you prefer
to use higher shipping charges when it is more expensive to sell to foreign
customers.
- Taken
from the foreign price listed in the Inventory and Services record
- Manually enter a separate foreign price in the inventory record for
each individual item. This option is convenient if you:
- Want to set a
foreign price for one or more inventory or service items.
- Prefer to manually
add a higher markup to a foreign price when it is more expensive to sell
to foreign customers.
- Decided not to
set up a foreign currency
bank account, but want to limit the number of rounding
differences you see as a result of exchange rate calculations.
- Click OK.