Key Feature Overview: #

Managing dormitory finances can be complex when currency standards differ across regions. Dormefy’s Local Currency Symbol feature simplifies this process by allowing dorm managers to set their local currency symbol as a prefix for all financial amounts. This feature solves the common pain point of ensuring that members understand and relate to the dorm’s financial data, whether it’s for rent, meals, or additional charges. It brings clarity and consistency to every financial transaction in the dorm, helping both managers and members stay on the same page.

How the Feature Works: #

The Local Currency Symbol feature in Dormefy allows you to set a local currency symbol to be displayed before every financial amount in the dorm’s management system. Whether you are tracking rent, meals, or other charges, the local currency symbol helps ensure that the amounts are familiar to your members and easy to manage.

Automated Currency Symbol Display: #

• Dorm managers can set the local currency symbol when creating the dorm or update it later via the settings.
• The selected symbol is automatically displayed as a prefix for all amounts, ensuring clarity and consistency.

Dorm-Wide Financial Consistency: #

• The currency symbol will appear across all financial records, including member payments, expense tracking, and dorm fees.
• This helps streamline financial management and improve transparency for both dorm managers and members.

How to Set Up the Local Currency Symbol: #

Step-by-Step Setup for Managers: #

1. Login to Dormefy: Log into Dormefy using either the web app or Android app.
2. Access Dorm Settings: Navigate to Dormitory > Dorm List from the sidebar.
3. Edit the Desired Dorm: If you manage multiple dorms, select the dorm you wish to update and click the edit icon.
4. Select Currency Symbol: On the dorm settings page, locate the Currency Prefix field. From the dropdown menu, choose your desired local currency symbol.
5. Update Settings: After selecting the appropriate currency symbol, click Update. The currency symbol will now be reflected in all financial transactions throughout the dorm.

Real-Time Financial Display: #

The local currency symbol will be automatically applied to all financial data displayed in the Member Dashboard and Manager Dashboard, ensuring that members see the correct financial information for their location. This feature is crucial for regions with specific currency requirements, ensuring accuracy in rent and meal payments.