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.<\/p>\n
Why this update matters<\/strong> With Celery\u2019s 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.<\/p>\n What\u2019s new<\/strong> This ensures salaries, bonuses and allowances match the correct currency flow within your organization.<\/p>\n Setting up foreign currencies<\/strong> 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.<\/p>\n Using foreign currencies for employees<\/strong> Employees may receive payments in multiple currencies, for example, when different allowances or bank accounts are used.<\/p>\n Payslip display<\/strong> Reporting in foreign currencies<\/strong>
\nMany employers across the Caribbean and beyond work with employees or payroll operations in different countries and currencies. Think of companies with entities in Cura\u00e7ao, Aruba, St. Maarten or Suriname, or organizations that report in USD while local payroll is processed in ANG or SRD.<\/p>\n
\nYou can now assign a specific currency to each payroll component. The currency option is available for:<\/p>\n\n
\nForeign currencies are configured at the employer level:<\/p>\n\n
\nWithin an employee\u2019s profile, you can choose whether the gross or net salary is entered or paid in an alternative currency:<\/p>\n\n
\nWhen foreign currencies are used, the applicable exchange rate is clearly shown on the payslip:<\/p>\n\n
\nCelery allows you to generate several reports in the currency of your choice. Configure this via Reports \u2192 Select report \u2192 Choose filter \u2192 Apply.<\/p>\n