We have so far not enabled auto-update feature for any currency in our ERP as we are unsure if the rates will be correct as wrong rates can create problems. We want to know where Tuhund gets the exchange rates from.
26/01/2019 10:26 AM
Yes, please enable auto-update feature for all currencies. Exchange rates auto-updated by Tuhund are precise and reliable.
In Tuhund we have three rates instead of two as in other systems. We have buying rate, selling rate and live rate. Buying rates and selling rates are used in financial transactions. Live rates are used for non-financial functions like costing and calculation of selling price for Imported goods and estimation, etc. Besides this, actual exchange rates for each transaction are recorded and used wherever they are relevant.
Buying rate and selling rate for deployments in India (as yours) are taken from Central Board of Indirect Taxes and Customs, Department of Revenue, Ministry of Finance, Government of India. Live rates are taken from four different lookup portals and averages of nearest three are taken into account. We have dedicated servers for various such features. Currency lookup server updates data every five minutes. However, your Tuhund deployment fetches data from Tuhund lookup server once every hour. Therefore, effectively your live currency exchange rates are updated every one hour.
User Community Home
ERP Interest Groups
Topics : 22|Last Topic : 22/10/2023 10:54 AM
Questions and queries about Accounting a Finance module. Working with cost centers. General Ledger, Accounts receivable, Accounts payable, financial statements, expense claims management, commission payables and receivable claims, Forex, Currency, Assets, Depreciation, Taxes and TDS, etc.
Topics : 14|Last Topic : 31/07/2021 11:09 PM
Information about Tuhund. Tuhund has moved far beyond and is much larger for just being called an ERP.
Topics : 5|Last Topic : 15/01/2023 02:13 PM
Point of sales software, Andriod and IOS applications and other software linked with Tuhund. API for connecting with Tuhund and building applications on top of Tuhund backbone.
Topics : 1|Last Topic : 10/10/2019 09:36 AM
Discussions on ERP in general and comparison of various ERP, their features, working, issues and workarounds
Topics : 5|Last Topic : 25/05/2021 07:24 PM
Questions and queries about Human Resource Management Module
Topics : 17|Last Topic : 02/01/2023 10:21 PM
Questions and queries about Inventory and Procurement Modules. Products and product categorization. Vendors Price Lists, Quotations & Invoices, Requests For Purchase, Requests for Quotes, Purchase Orders, Purchase Invoices, Tenders, Store Management, Locations, Stock. Inventory reports, margin analysis, ageing analysis.
Topics : 2|Last Topic : 26/12/2018 01:46 PM
Questions related to GST, GSTR1, GSTR3B. Issues and problems faced in GST Portal.
Topics : 2|Last Topic : 29/12/2018 11:34 PM
Knowledge sharing, support and help with Project Management Module; Project Schedule Management, Project Scope Management, Project Resource Management, Material Management, Expense Management, Deliverable, Billing and Invoicing.
Topics : 20|Last Topic : 18/01/2023 10:35 PM
All about Sales and Customer Relationship Module. Tasks, reminders and events. Inquiries, opportunities and business leads. Different types of sales targets and key performance indicators.
Topics : 2|Last Topic : 04/09/2020 11:19 PM
We welcome suggestions from our customers, third party users as well as from general public. Our aim is continual improvement of Tuhund. We are not going to stop or slow down development of Tuhund.
Please let us know what you are looking for in Tuhund and we will make sure it is added.
Topics : 1|Last Topic : 02/09/2020 11:19 PM
Forum for Tuhund Channel Sales and Implementation Partners to seek clarifications and to exchange knowledge and ideas among themselves and with others.
Topics : 6|Last Topic : 20/03/2022 02:00 PM
Tuhund is a continual development system with a minor release every few days and a major release every couple of weeks. This section aims to keep Tuhund users informed about the developments.
Topics : 7|Last Topic : 25/07/2023 08:05 AM
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