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Multi-Currency (beta): Entering foreign currency bills

Once the foreign vendor record has been setup for foreign currency bills, enter the amount in the local currency of the vendor.

  1. From the Vendor's record, click New Bill
  2. Enter bill details
    • Invoice Number - any numbers or letters to help the vendor identify the bill
    • Payment Terms - how soon the vendor expects payment
    • Invoice Date - the day the vendor created the invoice
    • Due Date - specific date the vendor expects payment (filled automatically if Payment Terms have already been selected)
    • Amount - the total amount of the bill that needs to be paid
    • Exchange Rate - will be populated with an estimated exchange rate, which may differ at the time of payment
    • Bill Description - statement that explains what the bill is for (for internal purposes only)
    • Note to Payers/Approvers - any information payers and/or approvers need to know
    • Account - Chart of Account to code the bill to
      • If the account does not already exist, click Add new account
      • To code the bill to more than one Chart of Account check the box for Split this amount
    • Any other classifications if enabled
  3. Assign approvers if necessary
  4. Click Save



Things to know

  • Multi-Currency will only be available for orgs using International Wire Transfers
  • Once Multi currency is enabled, it cannot be disabled
  • Multi Currency sync support is available for QuickBooks Online and Xero currently. Netsuite, QuickBooks for Windows and Intacct will be available by end of July.
  • Multi Currency is not supported on mobile yet
  • Multi Currency is not supported with recurring bills setup


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