Multi Currency Invoicing
Frappe Books allows you to create and print invoices in your customers currency.
Suppliers and Purchase Invoices
The same applies procedure applies for creating a Multi Currency Purchase Invoice. Just set a different currency when creating a Supplier entry.
Creating a Multi Currency Invoice
To enable a multi currency invoice you need to do two things:
- Create a Customer entry with a different currency from the company currency.
- Select the Customer when creating a new invoice.
This will display the exchange rate widget.
Fields using Company Currency
The Base Grand Total and Outstanding Amounts are displayed in the company currency.
After submitting, on clicking Print, the invoice can be printed in the customers currency.
Payments entries are made in the company currency. The exchange rate set when submitting the invoice is used to decide the amount to be paid.
On making the payment the Outstanding Amount will be updated accordingly, and any rounding differences will be balanced using the Round Off Account.
Ledger Entries are created using the company currency. The exchange rate set when submitting the invoice is used to decide the recorded amounts.
When a multi currency invoice is made, the ledger entries are created in the company currency.
Company Currency = Customer Currency ⨉ Exchange Rate
Customer and Company Currency
Multi currency invoice is possible only if the two currencies are different from each other.
This is set when a Customer entry is created.
This is set when initializing a new Frappe Books instance