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Using 2 different currencies in one account

edpridayedpriday Member Posts: 2

I love how Wave has integrated my local currency automatically but, I'd like to know if it's possible to use USD also.
We sell our products in USD and get paid in HNL, due to the constantly changing exchange rate. I would like to set our products up in USD, not in HNL.
How is this possible?

in Accounting Feature Ideas

Comments

  • AlexiaAlexia Member Posts: 3,314 ✭✭✭✭

    Hi @edpriday.

    The price of your products, in Wave, isn't linked to a particular currency, so changing the currency from HNL to USD in your invoice won't actually change the number for the price for your item.

    So let's say you have an item priced at HNL 100. You add that item to an invoice and then change the currency to USD, it'll be priced at USD 100.

    Keep in mind that you'll have to record payments manually from the invoice page. You won't be able to assign a transaction as payment for your invoice from the Transactions page if the currency of your account and the currency of your invoice don't match.

  • edpridayedpriday Member Posts: 2

    @Alexia thanks for this solution! I'm satisfied with that. I'll get back to you after testing it.

  • AlexiaAlexia Member Posts: 3,314 ✭✭✭✭

    Happy to help!

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