Skip to main content
[Flex] Set Up Multi-Currency
Updated today

The multi-currency functionality allows you to issue invoices in different currencies. Each currency can have a separate exchange rate entered into the system.

Enabling Multi-currency Mode

To turn on this functionality, go to Settings > Billing & Products > Billing Rules. Select Enable multi-currency mode. Then, you will be able to add different currencies and the appropriate exchange rates.

The exchange rates are entered manually and do not change unless manually edited.

currency.png

How to Set a Customer's Preferred Currency

You can set a specific currency for each customer you have in OfficeRnD. This can be very useful if you have many clients needing to be billed in different currencies.

To set a currency for a customer, open their profile and click Edit. In the newly opened window, open the Billing Details tab. There, you'll see a drop-down menu with all currently enabled currencies.

You can choose the one to be used by default for this customer. By doing so, every subsequent invoice for this customer will be issued in the chosen currency.

edit comp2.png

How to Generate an Invoice With a Different Currency

Once the multi-currency settings are entered, you can open a member/company profile and click Add Invoice. The drop-down menu called Currency will let you select the currency of the invoice that will be issued.

The currency of an existing invoice cannot be changed.

When you're editing the invoice and selecting a currency that's different from your organization's default currency, the system will display the former. It will also show you the conversion rate and how the amount has been converted into the number that you're currently seeing.

currency invoice.png

Accounting Integrations and Multi-currency

Both accounting integrations in OfficeRnD currently support multi-currency:

Note that both integrations must have multi-currency enabled before you enable it in OfficeRnD otherwise you won't be able to sync any documents.

Payment Gateways and Multi-currency

Not all payment gateway integrations support multi-currency. Please view our list of currently available integrations to see which have this functionality.

Any invoice issued in a currency different from the default one will be charged by the payment gateway in the currency visible in the Amount Due section of the invoice.

Did this answer your question?