Set up currency accredetation easily

Aug 6th, 2022
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How to set up currency accredetation

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[Music] all right prepare your salesforce org for user so this is the continuation for the admin certification preparation so lets talk about exchange rates and then customizing the home page create a unique account list view which i think you should already know this by now weve gone through the whole admin beginner intermediate and advanced this is so basic and create chatter groups lets start set up the exchange rates so to set up the exchange rates you will need to be managing an organization that deals with multiple currencies meaning maybe you are managing an org that sells services or products in multiple currencies you sell in us dollars canadian dollars euros rupees and so on and so forth so with that you will need to set up multiple currencies and exchange rates so that opportunities on your salesforce org can have multiple currencies depending on where you sell them to all right so first things first lets enable multiple currencies so we do that from company information

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To convert from the base currency, we multiply by the exchange rate. Just like multiplying to apply a commodity price.
In Salesforce Classic Click Setup. Enter Company Information in the Quick Find box, then select Company Information. Click Edit. Select the Activate Multiple Currencies checkbox and click Save.
Enable Currencies From Setup, in the Quick Find box, enter and then select Company Information. Click Edit. Under Currency Settings, select Activate Multiple Currencies. Save your changes. From Setup, in the Quick Find box, enter and then select Manage Currencies.
To enable Multi-currency, you should: In Setup, select Company Information and click Edit. Check the checkbox Allow Support to Activate Multiple Currencies, and then save your changes. Open a case with Salesforce support, and mention your Org.
To enable Multi-currency, you should: In Setup, select Company Information and click Edit. Ensure that your selected currency locale is the default currency that you want to use for current and future records. Check the checkbox Allow Support to Activate Multiple Currencies, and then save your changes.
6:39 8:59 Set Up the Exchange Rate | Trailhead | Answered and Explained - YouTube YouTube Start of suggested clip End of suggested clip Rate with multiple currencies turned on lets update. And test the exchange. Rate click the gearMoreRate with multiple currencies turned on lets update. And test the exchange. Rate click the gear icon and select setup. And then were going to type in managing currency manage currencies.
To solve this problem, Salesforce.com provides a feature called multicurrency. Once you setup the multiple currencies in your organization, each user can view all records and reports in their preferred personal currency. Based on the conversion rates, all currencies convert into their personal currency.
Once you setup the multiple currencies in your organization, each user can view all records and reports in their preferred personal currency. Based on the conversion rates, all currencies convert into their personal currency.
That is, the exchange rate is the price of a countrys currency in terms of another currency. For example, if the exchange rate between the U.S. dollar (USD) and the Japanese yen (JPY) is 120 yen per dollar, one U.S. dollar can be exchanged for 120 yen in foreign currency markets.
Set Up Opportunities and Opportunity Products. Set a Default Product Quantity of 1 on Opportunities. Manage Your Opportunities. Considerations for Creating and Updating Opportunities. Manage the Products on Your Opportunities. Track Your Competitors. Opportunity Fields and Opportunity Product Fields.

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