Why do you need a make payment for foreign currencies
Paying invoices in foreign currency can sometimes feel like a hassle but our built-in feature makes in easy. Forget about manually converting currencies because now you can simply pay your international suppliers directly in the currency they use for their invoices.
This ensures accurate and timely payments, with no hidden fees or surprises.
Learn How To:
1. Setup Foreign Currency Wallets
2. Add payment for Sale Invoices in Base Currency
3. Add payment for Sale Invoices in Foreign Currency
Firstly, ensure that you have a foreign currency wallet
1. Click on Cashflow and go to Wallets
2. Click on Add New
3. Enter Wallet's Name
4. Select the currency you want
(If you have selected the base currency for your wallet, you can jump to step 9)
(If the dropdown menu doesn't have the foreign currency you want, you can proceed to next step)
5. Click on Cashflow and go to Currency
6. Look for the currency you want and click on No
7. Check Enable
8. Click on the Tick button, then back to Wallet page
9. Select a Type after selecting the base currency
10. Select a Bank
11. Click on Save
How to add payment for Sale Invoices in Base Currency when using foreign currencies?
1. On Sale Invoice page, click on the Reference No of your chosen invoice in base currency.
2. Click on Add Payment
3. Choose the payment method with the wallet you created with different currency.
4. Fill in the amount you want to pay, and hit save
How to add payment for Sale Invoices in Foreign Currency when using foreign currencies?
1. On Sale Invoice page, click on the Reference No of your chosen invoice in foreign currency.
2. Click on Add Payment
3. Click on Payment Method
4. Select the payment method that corresponds to the foreign currency you want to use
5. Click on Get Latest Rate
6. It will automatically switch to latest exchange rate to base currency
7. Drag to scrollbar to right
8. Click on refresh button, it will automatically switch to latest Exchange Rate to Invoice currency
9. Enter the Amount you want to pay
10. Click on Save
Related Guides on Foreign Currency
- To create a sales invoice in foreign currency, please refer to: How to create a sales invoice in foreign currency
- To view currency gain/loss, please refer to: How to View Currency Gain/Loss
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