Booking multi-currency invoices and costs, how does the package track currency effects?
Multi-currency requires recording the rate per transaction on delivery date, and booking exchange differences separately. Not every package handles this well, lighter freelancer packages can fall short.
Try this first
- 1Enable multi-currency in your package (Exact, Twinfield, AFAS, Moneybird Pro support this, some plans require an upgrade).
- 2Set a primary currency (typically EUR) and enable automatic rate fetching via ECB rates, saving manual input.
- 3Book each invoice at the rate on invoice date, not payment date, and exchange difference on payment to a separate 'currency result' account.
- 4Reconcile foreign currency bank accounts to book value quarterly, a growing gap means missing rate revaluations.
- 5Close the year with revaluation of open items and FX bank balances at the balance-date rate.
When to bring us in
If the currency result drifts structurally, we can tune booking rules and the revaluation flow.
See also
- Switching from Exact Online to Yuki, open items and history do not matchPackage migrations stumble on ledger mapping and open AR/AP. Without a mapping table you lose context.
- Twinfield to Exact, dimensions and cost centres go missingTwinfield uses dimensions, Exact uses cost centres and projects. The mapping is not one-to-one.
- Accountant asks for RGS mapping, your ledger does not follow RGSRGS is the Dutch standard chart that SBR filings and accountant software expect. Without mapping, every year-end is manual.
None of the above fits?
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