Multi-Currency in Salesforce.com

  • Basically the multi-currency feature is not available in your organization on salesforce. We have to log a case or contact salesforce support team for activate the multi-currency feature on your organization.
  • This request can only be made by a System Administrator
  • Prior to converting your organization to multi-currency, some aspects of this feature that should be reviewed.
  • The Multi-Currency functionality CANNOT be turned off once it is activated. Salesforce.com support team also recommends testing the activation in a Sandbox environment.
  • The process locks the org when turning on Multi Currency (preventing users from logging in), this can take 30 minutes or more depending on the size of the organization.
  • After activate this feature on your organization, you will have a standard field called "CurrencyIsoCode" as picklist in ont only standard objects but also in custom objects
  • And You will have a place to manage your currencies in following path;
Your Name-->Setup-->Administration Setup-->Company Profile-->Manage Currencies

  • In there, you can define all the currencies used by your organization.
  • Corporate Currency should be set to the currency in which your corporate headquarters reports revenue. If you designate a different currency as corporate, all conversion rates will be modified to reflect the change.
  • Any currency type created by you, CANNOT be deleted but can be deactivated.



Comments

  1. Hi Chamil,

    Found this post very useful for me. I want to know, as you said we have 'CurrencyIsoCode' field on record, Can we update that field once it is entered or through the field update by Approval Process?

    Thanks.

    Regards,
    Yogini Mane

    ReplyDelete
  2. Hi Chamil,

    If we use the two currencies in revenue field it shows both values.The default currency USD and second one is displayed with in the brackets. Any solution for Disply only single currency value based on country.

    ReplyDelete
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