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New Store in other country
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Subject Author Date
New Store in other country Sad 07-12-2008
Posted by Sad on July 12, 2008, 4:57 am
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 hi all,
we have opened a new store in other foreign country, the problem is this new
store will receive stock and sell with his local currancy ( currancy rate 1.2
).
How can we manage this store ( calculate the cost ,reports... etc) in HQ.
any help please
thanks

Posted by Jason on July 12, 2008, 5:04 pm
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 Get ready for a lot of manual work.

The way I handle it is each stoer is in local currency. When I transfer
something from location to location, I manually change the costs on the
transfer in at the receiving store.


> hi all,
> we have opened a new store in other foreign country, the problem is this
> new
> store will receive stock and sell with his local currancy ( currancy rate
> 1.2
> ).
> How can we manage this store ( calculate the cost ,reports... etc) in HQ.
> any help please
> thanks



Posted by Sad on July 13, 2008, 10:40 am
Please log in for more thread options
Thank you Hason,
i wonder how HQ will deal with this store ( we use average cost in HQ) .

"Jason" wrote:

> Get ready for a lot of manual work.
>
> The way I handle it is each stoer is in local currency. When I transfer
> something from location to location, I manually change the costs on the
> transfer in at the receiving store.
>
>
> > hi all,
> > we have opened a new store in other foreign country, the problem is this
> > new
> > store will receive stock and sell with his local currancy ( currancy rate
> > 1.2
> > ).
> > How can we manage this store ( calculate the cost ,reports... etc) in HQ.
> > any help please
> > thanks
>
>
>

Posted by Jason on July 13, 2008, 11:02 am
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Sorry, but the answer is forget HQ for prices and costs. The only thing you
will be able to do effectively is transfer goods (quantities) from store to
store and run sales reports in the store's local currency. The system is
just not built to handle a multi currency enterprise. You will have to work
around a lot of deficiencies, but I am getting along okay.


> Thank you Hason,
> i wonder how HQ will deal with this store ( we use average cost in HQ) .
>
> "Jason" wrote:
>
>> Get ready for a lot of manual work.
>>
>> The way I handle it is each stoer is in local currency. When I transfer
>> something from location to location, I manually change the costs on the
>> transfer in at the receiving store.
>>
>>
>> > hi all,
>> > we have opened a new store in other foreign country, the problem is
>> > this
>> > new
>> > store will receive stock and sell with his local currancy ( currancy
>> > rate
>> > 1.2
>> > ).
>> > How can we manage this store ( calculate the cost ,reports... etc) in
>> > HQ.
>> > any help please
>> > thanks
>>
>>
>>



Posted by Sad on July 13, 2008, 1:22 pm
Please log in for more thread options
Thank You Jason:
what about this ?( make the foeign store receive Items in original HQ
curruncy and sell by his local ,sure we have to recalculate the cost of stock
against currancy rate befor entring PO in RMS).
is this good ?
thanks

"Jason" wrote:

> Sorry, but the answer is forget HQ for prices and costs. The only thing you
> will be able to do effectively is transfer goods (quantities) from store to
> store and run sales reports in the store's local currency. The system is
> just not built to handle a multi currency enterprise. You will have to work
> around a lot of deficiencies, but I am getting along okay.
>
>
> > Thank you Hason,
> > i wonder how HQ will deal with this store ( we use average cost in HQ) .
> >
> > "Jason" wrote:
> >
> >> Get ready for a lot of manual work.
> >>
> >> The way I handle it is each stoer is in local currency. When I transfer
> >> something from location to location, I manually change the costs on the
> >> transfer in at the receiving store.
> >>
> >>
> >> > hi all,
> >> > we have opened a new store in other foreign country, the problem is
> >> > this
> >> > new
> >> > store will receive stock and sell with his local currancy ( currancy
> >> > rate
> >> > 1.2
> >> > ).
> >> > How can we manage this store ( calculate the cost ,reports... etc) in
> >> > HQ.
> >> > any help please
> >> > thanks
> >>
> >>
> >>
>
>
>

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