Multi-currency is now fully supported in the latest version of Manager.
- In-built 154 most common currencies (including Bitcoin)
- Support for foreign currency journal entries
- Ability to set currency on bank accounts, cash accounts, general ledger accounts, customers and suppliers
- Create quotes, orders, invoices, credit notes denominated in foreign currency
- Customer/supplier advance payments support foreign currency too.
- Multi-currency doesn’t break your reporting on cash-basis or tax reports
- Very flexible: debit/credit account denominated in any currency with amount in any currency. For example you can issue an invoice in USD, receive payment from customer in GBP bank account while your base (home) currency is set to EUR.
The feature needs to be enabled under
- Go to
- Once multi-currency enabled, click on
Settingstab and set your
Base currency. Base currency is your home currency.
When you set your base currency, all your accounts will be automatically set to your base currency. You can edit or create new accounts (bank accounts, cash accounts, customers, suppliers, general ledger accounts) and set foreign currency for required accounts.
Manager contains in-built exchange rates so you don’t need to worry about
Exchange rates section under
Settings yet. However, for the purpose of calculating exchange gains and losses, Manager will need to know how exchange rates fluctuate over time. Exchange rates must be recorded under
Exchange rates section. Right now, it is manual process but before end of this month, Manager will be able to pull exchange rates from the Internet (not just the latest but also historical ones to update your currency exchange gains/losses retrospectively).
Example of how Manager presents multiple currency UI when there are multiple customer accounts maintained in different currencies. (It’s not that complicated)