How to add payment for Sale Invoices when using foreign currencies?

Modified on Mon, 8 Jul at 2:41 PM

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


Click on Cashflow and go to Wallets



2. Click on Add New


Click on Add New



3. Enter Wallet's Name 


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)


Select the currency you want



5. Click on Cashflow and go to Currency


Click on Cashflow and go to Currency



6. Look for the currency you want and click on No


Look for the currency you want and click on No



7. Check Enable


Check Enable



8. Click on the Tick button, then back to Wallet page


Click on the Tick button



9. Select a Type after selecting the base currency


Select a Type



10. Select a Bank


Select a Bank



11. Click on Save


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.


On Sale Invoice page, click on the Reference No of your chosen invoice in foreign currency.



2. Click on Add Payment


Click on Add Payment



3. Click on Payment Method


Click on Payment Method



4. Select the payment method that corresponds to the foreign currency you want to use


Click on Online Transfer



5. Click on Get Latest Rate


Click on Get Latest Rate



6. It will automatically switch to latest exchange rate to base currency


It will automatically switch to latest exchange rate to base currency



7. Drag to scrollbar to right


Drag to scrollbar to right



8. Click on refresh button, it will automatically switch to latest Exchange Rate to Invoice currency


Click on refresh button, it will automatically switch to latest Exchange Rate to Invoice currency



9. Enter the Amount you want to pay 


Enter the Amount you want to pay



10. Click on Save


Click on Save


 


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