How to Setup Exchange Rate?


1. The Exchange Rate is only used for conversion for IRAS tax purposes. It does not convert the basic pay reflected in the payslip.

2. Before doing the payrun, make sure to add 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 exchange_rate.pngtab at the top.

Step 5: Set the month, year, and base currency. Note: default Base Currency is SGD.


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



Assigning to User the Currency is found on this link:

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