Multiple currencies in Salesforce

This topic summarizes the Salesforce Multiple Currencies feature.

Multiple currencies in Salesforce

When the multiple currencies feature is enabled in a Salesforce org, the following conditions apply:

• Administrator has to maintain the currency conversion table.
• Administrator assigns a currency to the user.
• On each data record, administrator needs to enable a field that contains the Currency Code value applicable to a record.
• This stored currency is the currency for any value stored in that record in a field of type Currency.
• Records in many standard Salesforce objects default to the currency of the user who created the record.
• All currency amounts are displayed in the currency of the record. Administrators can choose whether to also display, in parentheses, the user’s personal currency if it is different from the currency of the record.
• When the default currency of a record is changed, the values in those fields are not converted. They display the new currency code with the previous amount value.

The Deal Manager application is built on the Salesforce platform and therefore can use the standard Salesforce multiple currencies capabilities. However, the Deal Manager implementations require the multicurrency capabilities that are different from the standard Salesforce multicurrency. As a result, the Deal Manager multicurrency feature combines two different sets of multicurrency capabilities. This is also true for the Quick Start for Agreement Management.

For more information on the multicurrency feature in Deal Manager, see Multicurrency in Deal Manager.