Guides User Guide Multi-Currency

Multi-Currency

 

Accelo now supports multi-currency functionality for invoices, enabling users to raise invoices in different currencies. This user guide provides step-by-step instructions to configure multi-currency for your deployment, ensuring a seamless setup process.

As part of the configuration, users will be required to confirm the Base Currency for their deployment. The Base Currency acts as the foundational currency for all Accelo objects and is used across budgets and reporting.*

*Multi-Currency is currently limited to Invoices and Projects. Meaning users cannot create Retainers or Tickets in a Transaction currency different from their Base Currency and Reports will continue to display in the Base Currency.

Multi-Currency is available to Premium & Advanced tier customers - please contact your Accelo Customer Success Manager to learn more

What will change for your users

  • Users who currently use Accelo Invoicing will be able to configure transaction currencies they wish to issue Invoices in

  • Deployments with an active Xero or QuickBooks integration allow users to raise invoices in the currencies configured in their accounting system

  • Invoice PDFs will display the total amount (including tax) in the selected Transaction currency

  • Users can customise their Invoice PDFs to include the Base Currency total alongside the Transaction currency amount

What will not change for your users

  • Multi-Currency is currently limited to Invoices and Projects, meaning users cannot create Retainers or Tickets in a Transaction currency different from their Base Currency

  • Reports will continue to display in the Base Currency.

  • Users can view Multi-Currency data within individual invoices.

The following pages and guides will help guide users on the following topics.

  • Setup Multi-Currency
    Turning Multi-Currency on: Admin users can enable the 'Multi-Currency on Invoices' toggle on the Currency Selection settings page, found within the General Config menu within Settings. 
  • Multi-Currency Projects
    Getting started with multi-currency projectsIf the deployment has already enabled multi-currency, users with access to projects and existing project permissions can get started right away using multi-currency on projects.
  • Raise an Invoice using Multi-Currency
    The process of raising & issuing an Invoice will remain the same as per the following user guide, for example Ticket Invoicing.