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Multi-Currency in Salesforce.com

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by March 12, 2012 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.

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