question on accounting packege

Hi Julius,

You can toggle on multi currency on the Settings>Organisation>Toggle features menu and create bank accounts, invoice and bills in most foreign currencies.

https://www.clearbooks.co.uk/support/guides/list/multi-currency-2/

The exchange rates are based on the invoice date/payment date and these pull through from XE.com. If there are any differences between invoice and payment amount due to the exchange rate you can write off this amount to the Forex account:

https://www.clearbooks.co.uk/support/guides/multi-currency-2/allocate-a-receipt-to-a-multi-currency-invoice-forex-gains/ https://www.clearbooks.co.uk/support/guides/multi-currency-2/allocate-a-receipt-to-a-multi-currency-invoice-forex-losses/

Sometimes the balances on the foreign bank accounts may go out of synch due to the different rates used - you can use the bank revaluation tool to get the balances back in line:

https://www.clearbooks.co.uk/support/guides/multi-currency-2/revalue-bank-account-balance/