The Multiple Currencies feature in Oracle NetSuite allows you to record transactions in currencies other than your company’s base currency. As a result, you will be able to import invoices and bills in these multiple currencies to Routable and manage these international transactions right from your Routable dashboard.
⭐ Important: Since the base currency cannot be updated once a record has been saved, please make any changes to the base currency in Oracle NetSuite first.
Then, as an Oracle NetSuite user with Full Currency permissions, head over to your Oracle NetSuite account.
Navigate to Setup ➡️ Company ➡️ Enable Features
On the Company sub-tab, scroll down to International and check the Multiple Currencies box
Once the feature has been enabled, from your dashboard, go back to Lists ➡️ Accounting ➡️ Currencies
From here, make sure that the base currency for your company is set to YES and then you should be all set to start syncing and creating international payments in Routable.
Adding currencies for a vendor
In order to pay a vendor in a specific currency, you must first make sure that the currency is added to the "vendor currency list".
Head over to your Vendor List ➡️ Edit ➡️ Currencies.
From here, you'll be able to add the appropriate currencies for that specific vendor.
Click Save. Now, you should be all set to start paying your vendor using the newly added currency.