This webinar was hosted by Leading Salesforce expert Satyam Chaudhary, Accredited Senior Salesforce Consultant at Dean Infotech. This webinar is of great value for knowledge and Solving Challenges like: How To Enable Multiple Currency, Convert the way you do business. Management of Multiple currencies for growth. How to add different currencies and expand your organization beyond boundaries. To view, this webinar video Subscribe our YouTube Channel- https://www.youtube.com/channel/UCjUmNWgNI9G5P-usUjfCn5Q

1. salesforce
Empower diverse
Currencies with

2. Todays Speaker
Satyam Chaudhary
Sr. Salesforce Consultant at
Dean Infotech

3. At DEAN INFOTECH,
we provide comprehensive salesforce
services for delivering extensive
improvements to your
own business.
Sketching Your Idea
Understanding the concept to lay the foundation.
Analysis & Prototyping
Conceptualizing your idea through working MVP.
Development & Implementation
Bringing the MVP to life using business requirements.
Deployment & Final Launch
Paving the way for our customers success.

4. Salesforce winter ‘23
Release/Updates For Admin
Last Webinar
November 14, 2022
Speaker - Akash Jha
Sr. Salesforce Admin at
Dean Infotech

5. Topics to be covered in this session
Enable multiple currency
1. How to enable and what are its
uses/benefits.
2. Add new currencies to your org.
3. Edit conversion rates, and enable users to
select personal currencies.
Advanced currency management
1. Set up Advanced Currency Management.
2. Impact of Advance currency management
on Opportunity.

6. How to Enable multiple currency in Salesforce
Turning on the multiple currencies introduces permanent changes
in the org. This feature can’t be turned off. Hence, please ensure that
you test and try thoroughly in sandbox or dev org before enabling it
in production.
To enable the multiple currencies, navigate to the setup and search
for company information. Click on edit button and check the
checkbox “Activate multiple currencies”.

7. Uses and benefits of enabling
multiple currencies.
• The companies managing the works overseas, multiple
currency is a very good feature to manage the costs in each
currency separately.
• The employee working in the particular currency can
manage the amount of the product in the currency of the
same country in the same salesforce org.
• It gives an option to choose a separate currency for each
record. The users can specify a different currency for different
record of the same object based on the currency the
particular customer is dealing with.

8. Add new currencies in your org
1. Go to manage currencies.
2. Click on New button and add the currencies and their conversion rates.
3. You can choose a default currency for the org in the company information.
4. The conversion rate needs to be mentioned with reference to the default currency.
5. The conversion rate needs to be updated time to time.
To change the conversion rate click on the “edit rates” button and one
can specify the new conversion rate and save the changes.
The converted amount is displayed in the currency field inside a
parenthesis.
Custom object currency field do not preserve the exchange rate. When
the exchange rate is changed the same is reflected on the currency field.

9. Setup currency for particular user
The user can update the currency to the one in which the user is currently
working. Also the user can update the currency based on the customers
he /she is dealing with in order to manage the costs in the their own currency.

10. Advance Currency Management
Advance currency management allows the user to maintain dated
exchange rates that map the currency conversion to a specific date.
Dated exchange rates are applied to currency field on Opportunity,
Opportunity Products, Opportunity Reports, Quotes, Quotes Line
Item and Quote Reports.
They are not reflected to fields on other objects or when
forecasting.

11. Impact of Advance Currency Management on
Opportunity
Advance Currency Management allows you to manage dates
exchange rates that map a currency conversion rate to a specific date
range.
The currency field shows the amount based on the dated exchange
rate based on the date opportunity is closed on the opportunity and
related objects.
They are also applied to currency fields on quotes and quote line
item.
They are not applied to fields on other objects.

12. Multi Currency Overview
Company Level
User Level
Record Level
• Gets set as the default currency when creating new users.
• Can be set at the default forecast currency.
• This currency gets selected as the default currency when
the user is creating a record that has the currency field.
• Show amount in parenthesis in user's currency if user
currency is different than the record currency.
• Can be set at the default forecast currency.
• When multi currency is enabled and if an object has a standard
or custom field of 'Currency' type. a new Currency picklist field
gets added to the object
• Currency picklist field defaults to user currency, when the user is
creating a new record. The user can change the value if required
Define Currency At Where It Is Used?

13. Summary
The multiple currencies have made it easier for the businesses
that are dealing in different currencies and also for those who
are working with overseas clients.
It is easier to manage the conversion rates and for opportunities
you can know the currency based on the date the opportunity
is closed.
It has made easier for the agents (Salesforce users) who are
located overseas and are working with the client in the local
currency rather than the default currency of the organization.
The user can also track that on which date what was the
amount with the help of advance currency management.

14. Thank
You
www.deaninfotech.com
sales@deaninfotech.com
+91 981-047-0129
+1 407-634-4433