Multi-Currency Features Are Coming to Fishbowl Inventory!

Starting in April, Fishbowl Inventory is going to roll out the first in a string of features that have been requested almost more than any other by our customers: multi-currency.

Many companies that use Fishbowl Inventory have vendors outside the United States, so this feature is a must-have for them. It converts currencies into U.S. dollars, keeping accounting and inventory records accurate.

Fishbowl is working on a complete multi-currency solution, but in the meantime it will release the first multi-currency features in its Purchase Order module to make ordering products from other countries feasible within Fishbowl Inventory. The next task will be to add multi-currency to Sales Orders.

I’ll let Fishbowl’s VP of Product Development Kevin Batchelor explain all of this in further detail in the video below.

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About Robert Lockard

Robert Lockard is a copywriter with Fishbowl. He writes for several blogs about inventory management, manufacturing, QuickBooks and small business. Fishbowl is the #1-requested manufacturing and warehouse management software for QuickBooks users. Robert enjoys running, reading, writing, spending time with his wife and children, and watching movies.
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3 Responses to Multi-Currency Features Are Coming to Fishbowl Inventory!

  1. Keith says:

    Will this multi-currency feature allow us to fix Fishbowl part prices in Euros to be used to generate the PO in Euros? The dollar/Euro conversion doesn’t matter except initially when the bank issues the wire transfer, and again when the goods are received into inventory. There may need to be some exchange rate variance account to reconcile these two in Quickbooks…

  2. Kevin says:

    The first release of Fishbowl will allow you to create POs in a alternate currency and set an alternate currency w/ an exchange rate to USD. You will be able to print the PO report and display alternate currency costs too. All transactions will be accounted for in USD in QuickBooks. In the next multicultural release we will be adding the ability to integrate with QuickBooks multicultural features too. This will give you the opportunity to pay a bill at a different exchange rate then it was entered and QuickBooks will then create a variance entry for you.

  3. Pingback: Fishbowl Inventory Adds Multi-Currency to Sales Orders | Fishbowl Inventory Blog

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