Currencies

What is Currency in a CRM system?

Currency defines the monetary unit used for transactions within the CRM. Zhylar supports multi-currency operations, enabling businesses to handle global deals efficiently. This feature is essential for accurate pricing, reporting, and financial consistency across international markets.

Managing Currencies

Currencies List View

• Log in to Zhylar.
• Go to Left-hand panel
• Click on Configuration
• Under Masters, click on Currencies

• You will be redirected to a new page.
• All currencies added to the system will be listed.

Organization Base Currency

The base currency is the default monetary unit used for all financial records, reports, and conversions in a CRM system. It serves as the reference point for converting other currencies.

• It ensures consistency in revenue tracking.
• Aids in financial analysis across multi-currency operations.
• Base Currency is selected at the time of organization onboarding.

• Base currency marked in purple.
• This currency cannot be changed/deleted.
• It cannot be marked inactive.

Add New Currency

• Click + New Currency

• A side sheet will open.
• Fill out the details

• Name: Select currency name, e.g., United States Dollar
• Currency code and symbol will be auto-selected, e.g., USD-$
• Fetch Live Rate– The system API will generate the current exchange rate. This rate is between the organization’s base currency and the selected currency.
• Decimals– Determines how many decimal points to be taken when writing amount. E.g., USD 300.25
• Click Save

Note: Each currency must carry a unique name/code. Duplicates are not permissible in the system.

This means, one currency can only be added to the system only once.

Fetch Live Rate

• Conversion rate of the currency added vis-a-vis the base currency.
• If Fetch Live Rate is on, system API will do the calculations for exchange rate automatically.
• If Fetch Live Rate is off, an exchange rate can be entered manually.

Update

• Click ⋮ 3 dots >
• Select Update
• Make changes

• Toggle active/inactive status.

• To mark inactive, currency must not be in use with any companies.
• If marked inactive, fetch live rate is automatically turned off.
• Click Save.

Delete Currency

• Click ⋮ 3 dots > Delete

• Type “DELETE” to provide confirmation.

• The currency will be deleted.

• If currency is associated with some Companies, you will receive an error message.

• Make requisite changes to proceed.

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