Note: The Base Currency is the default currency your company uses within oboloo and will always appear first in all currency drop downs. This can be updated via the Company Settings page only.
Base Currency
The base currency serves as a reference point for financial records within the platform. The base currency is set during the initial signup process and there is rarely a need to ever update it. However, if there's a need to update the base currency, navigate to the Company Settings page. Here, you can locate the Base Currency drop down and make the necessary update.
We recommend informing all stakeholders where necessary prior to making any updates to the base currency.
It's important to note that altering the base currency may impact existing exchange rates. Therefore, if a change is made, users must ensure that all other exchange rates are updated accordingly to maintain accurate financial records.