What should I do if I wish to invoice my customers in various foreign currencies?
In Zoho Books, the item prices will always be in the base currency.
To invoice a customer with a foreign currency, you first need to associate that currency to your customer. This will be applied when you raise an invoice for that particular customer and the item price in your base currency will be converted to your customer’s currency based on the exchange rate you provide.
Note: Only one currency can be associated to a contact
To associate a currency to your customer:
- Click on the Contacts section from the left sidebar.
- Click on the + New button to associate currency for a new contact or click on the Edit button to edit the currency for an existing contact.
- Choose the currency from the Payment Details tab and click Save. This will allow you to associate the chosen currency while creating an invoice.
To enter the exchange rate for your customer’s currency:
- Click the Gear on the top right corner.
- Go to Currencies.
- Select the currency of your choice and click on the Edit option.
- Enter the exchange rate and click the Save button.
- This action will save your newly added exchange rate.
Note: Please note that if you already have transactions for your customer in your base currency, you won’t able change the currency. To resolve this problem, you have to delete all the transactions which are associated with the customer.
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