---
title: "Currencies"
slug: "currencies"
description: "Step by step to set up the main (local) currency and other currencies."
tags: ["IT Pro"]
updated: 2023-03-01T13:10:17Z
published: 2023-03-01T13:10:17Z
canonical: "help.lanteria.com/currencies"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://help.lanteria.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Currencies

Lanteria HR is a multi-currency system, and salaries and bonuses can be managed in different currencies. Also, you can use any object with monetary equivalent as a currency, for example, to pay out bonuses in company shares etc.

Follow these steps to set up currencies that will be used in the system:

1. Go to **Settings** > **Settings and Configuration** > **Compensation**.
2. Click **General** in the left panel and click **Edit** next to the **Currency Table** setting name on the **Basic** tab.  
![](https://cdn.document360.io/c315c68d-2799-4fcc-9a39-084315b58f14/Images/Documentation/img165.png)
3. The **Currencies** list will open in spreadsheet view where you can directly edit the information you need.![](https://cdn.document360.io/c315c68d-2799-4fcc-9a39-084315b58f14/Images/Documentation/img166(2).png)
4. Another way of editing the currency properties is to either click on the currency name or select **Edit Item** from the list item menu.  
This will open the currency details form in the edit view where you can make all the necessary modifications.  
![](https://cdn.document360.io/c315c68d-2799-4fcc-9a39-084315b58f14/Images/Documentation/img167.png)
5. Enter the currency name in the **Currency Name** field/column.
6. Enter the currency code into the **Code** field/column.
7. Enter the exchange rate in the **Rate** field/column. Typically it is 1 for the currency that is considered local and the rates for other currencies are defined as necessary relative to the local currency.
8. Select the **Is LCY** check box on the form or select **Yes** from the drop-down list, if the currency is to be considered local.*Note**There can only be one local currency per system, so if a currency is being set as local, please make sure that the check box is cleared for the rest of the currencies.*

## Related

- [Salary Sheet](/salary-sheet.md)