ERPNext Accounting
What is Multi-Currency Accounting?
- Multi-Currency Accounting
- ERPNext's multi-currency feature lets you transact in foreign currencies while maintaining books in your home currency using live or manual exchange rates.
Setting Up Currencies
Go to Accounting → Currency → enable the currencies you need. Set exchange rates via Accounting → Currency Exchange or enable auto-fetch from frankfurter.app. Each invoice and payment can be in a different currency from the company currency.
Exchange Rate Revaluation
At period-end, run Accounting → Exchange Rate Revaluation to recalculate open foreign-currency receivables and payables using the current rate. ERPNext posts the gain/loss to a Forex Gain/Loss account automatically.
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Related Terms
Exchange Rate Revaluation
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Finance Book
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