Multiple currency options now available in Celery

Celery now allows you to use multiple foreign or alternative currencies alongside your default currency in payroll processing. This update makes it easier to manage international or multi-entity organizations, fully integrated within your existing Celery environment.

Why this update matters
Many employers across the Caribbean and beyond work with employees or payroll operations in different countries and currencies. Think of companies with entities in Curaçao, Aruba, St. Maarten or Suriname, or organizations that report in USD while local payroll is processed in ANG or SRD.

With Celery’s new multi-currency options, you no longer need manual corrections or custom calculations. You can assign a specific currency per payroll component or per employee and Celery handles everything automatically in full compliance with local legislation.

What’s new
You can now assign a specific currency to each payroll component. The currency option is available for:

• Vacation Allowance
• 13th Month
• Pension Contributions
• Fixed wage codes and taxable allowances
• Annual or hourly wage codes
• Private insurance (supports multiple currencies)

This ensures salaries, bonuses and allowances match the correct currency flow within your organization.

Setting up foreign currencies
Foreign currencies are configured at the employer level:

1. Go to Employer → Details tab → Edit.
2. Under Currencies, add a new currency by entering the currency code and applicable exchange rate.
3. You can add an unlimited number of currencies. Historical data remains intact for existing pay runs when exchange rates change.

If you work with varying monthly exchange rates, make sure to update the rate before creating a new pay run. When reopening a previous pay run, do not update salaries that were originally calculated in an alternative currency. This prevents unwanted recalculations with the new rate.

Using foreign currencies for employees
Within an employee’s profile, you can choose whether the gross or net salary is entered or paid in an alternative currency:

• For gross/net salary, simply select the currency directly in the ‘Salary’ field.
• For the amount to be paid out, you can indicate under ‘Payment’ whether the amount should be paid in a different currency.

Employees may receive payments in multiple currencies, for example, when different allowances or bank accounts are used.

Payslip display
When foreign currencies are used, the applicable exchange rate is clearly shown on the payslip:

• When a gross salary is entered in an alternative currency, the rate is displayed next to the wage code.
• When a payment is made in a foreign currency, both the original and converted amounts appear for full transparency to both employer and employee.

Reporting in foreign currencies
Celery allows you to generate several reports in the currency of your choice. Configure this via Reports → Select report → Choose filter → Apply.

Not all reports currently support foreign currency display. If your organization needs a specific report, you can notify our support team at support@celerypayroll.com. Celery continues to expand reporting options based on user feedback.

Benefits at a glance

• One clear payroll administration even with multiple currencies
• Fewer manual exchange-rate corrections
• Full control over payroll payments across different countries
• Transparent payslips and reports with clear exchange-rate information
• Always compliant with local tax and labor regulations