Multi-Currency Support

Multi-Currency Invoicing

Create invoices and track bills in any of 161+ supported currencies with automatic exchange rate handling.

Supported Currencies

We support 161+ currencies including:

• Major currencies: USD, EUR, GBP, JPY, CHF, CAD, AUD
• Regional: AED, SGD, HKD, MYR, THB, SAR, QAR, KWD
• Emerging markets: BRL, MXN, ZAR, INR, CNY, KRW

The full list is available in the currency selector when creating invoices or bills.

Exchange Rates

Exchange rates are automatically fetched via ExchangeRate-API:

• Automatic fetching: Current rates retrieved when creating invoices or bills
• Rate storage: The exchange rate at bill creation is stored for accurate records
• Override option: Enter a custom rate when needed
• Fallback rates: If the API is unavailable, reliable fallback rates are used

How It Works

1. Creating invoices: Select the currency when creating an invoice. Line items are entered in the selected currency.
2. Recording bills: Choose the bill currency. The system converts to INR using the current exchange rate.
3. Reports: All reports show both original currency and INR equivalent for clarity.

Currency Selectors

The currency selector appears in:

• Invoice creation form
• Bill entry form
• Client/vendor default settings
• Company settings (base currency)

Search by currency code (USD) or country name (United States) to quickly find currencies.

For Exporters

Multi-currency support integrates with export compliance:

• LUT/Bond reference tracking on foreign currency invoices
• SOFTEX deadline monitoring based on invoice date
• Table 6A data export for GST reconciliation
• FIRC tracking when payments are received

Forex Gain/Loss

When recording payments on foreign currency bills:

• The system tracks the exchange rate at payment time
• Forex gain or loss is calculated automatically
• Positive values indicate forex loss, negative values indicate forex gain
• This helps with accurate P&L reporting

Tips

• Set default currencies for regular clients/vendors to save time
• Review exchange rates on high-value transactions
• Record bills promptly to capture accurate exchange rates