How to Setup Exchange Rate?

Please take note that the Exchange Rate is only used for conversion for IRAS tax purposes. It does not convert the basic pay reflected in the payslip.

Before doing the payrun, please make sure to add the exchange rate for the month.

Step 1: Log in to your account.

Step 2: Go to  PAYROLL.png .

Step 3: Click on admin.png .

Step 4: Click on the exchange_rate.png tab at the top.

Step 5: Set the month, year, and base currency.


Step 6: Set the desired currency and the exchange rate. Tip: the exchange rate is accurate up to 4 decimal places.



Assigning user to the currency is found on this link:

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