How Do You Manage Multi-Currency Transactions in Zoho Books for Global Customers or Vendors?
Zoho Books supports multi-currency billing and payments, enabling you to work with international clients while tracking gains or losses due to exchange rates.
Enable Multi-Currency:
Go to Settings → Currencies → Enable Multi-Currency and set your base currency.
Add Foreign Currencies:
Click “+ New Currency” → Add conversion rate (manual or auto-update).
Assign Currency to Contacts:
In Contact details, assign default currency (e.g., EUR, GBP) for that customer/vendor.
View Gains/Losses:
Reports → Realized/Unrealized Gains & Losses → Review how rate changes impacted earnings.
Why This Workflow Matters:
Multi-currency support enables accurate financial reporting, reduces manual conversions, and supports global business scalability.
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