Many Organizations have transactions in more than one currency. Such transactions have to be recorded either in the base (home) currency or in the foreign currency. If the transactions are recorded in home currency, the rate at which the foreign currency is exchanged should be recorded as well. At times you need to record the transaction in the foreign currency itself when you maintain the balance of the concerned account in foreign currency. Centra Hcm makes it easy to manage multiple currencies, automatic calculations of exchange rates, automatic conversion of any currency used to record a transaction to the currency of the account, etc. Please follow below steps to calculate payroll using multiple currency. Step 1: - Definition of Exchange Rate. · Login to focus9 application and navigate to Masters >> Currency master >> Exchange rate definition master. · ...
Centra HCM
Centra HCM is a Cloud-based human resources management software that can help you achieve business goals by managing employees effectively. The solution can be customized to suit the unique requirements of different verticals of all major industries and is equipped with multiple features that make employee management effortless.