Multi-currency accounting software

Multi-currency accounting for small business: invoice and pay in their currency, keep books in yours

Set a customer or vendor to their own currency and their invoices, bills, payments and credit memos are entered in it. AcboBooks posts the ledger in your home currency at the exchange rate, keeps the customer's or vendor's balance in their currency, and posts the gain or loss when the payment comes in at a different rate.

It suits a Canadian business with US customers, a US business buying from Canada, or an importer paying suppliers abroad, and it is part of AcboBooks for $399.99 once.

Try free for 15 days Buy once, $399.99

No card, no account. Windows 10 and 11. United States and Canada.

An importer checking a shipping invoice against a carton of tableware in her stockroom office

What it means

In practice

One home currency, many partners

Choose the home currency in company settings. Customers, vendors and bank or card accounts can each be set to one of 15 currencies, including USD, CAD, EUR, GBP, MXN and CNY. The general ledger and the reports are always in the home currency.

Rates you control

Get the Bank of Canada's official daily rates with one click, or enter your own in the Exchange Rates list. A foreign document uses the latest rate on file, and you can type the day's rate on the document instead. AcboBooks will not post a foreign document at 1:1 if no rate is on file.

Gains and losses posted for you

When a customer pays, or you pay a bill, at a different rate from the invoice, the difference goes to Exchange Gain or Loss. At period end, revalue open receivables and payables and your foreign bank and card accounts, every currency at once, to post the unrealised gain or loss as an adjusting entry.

Invoice a foreign customer in their own currency.

The supplier bills in dollars, you report in yours

Enter the supplier's bill in their currency, exactly as it reads. The bill sits in payables in that currency, and your books show what it costs you at today's rate.

When you pay it, the rate has moved. AcboBooks posts the difference to Exchange Gain or Loss, so the payable clears to zero and the profit and loss shows what the currency cost or saved you.

What is in the licence

The whole job, in one price

Documents in their currency

Invoices, sales receipts, credit memos and estimates

Bills, vendor credits and purchase orders

Checks, deposits and card charges in a foreign account

Payments, bill payments and refunds at the day's rate

Rates

Bank of Canada daily rates, one click

Dated rates per currency, or your own

Override the rate on each document and in Pay Bills

15 currencies available

Gains and losses

Realised gain or loss on payment

Revaluation of receivables, payables and foreign bank and card accounts

Preview before posting the adjustment

One Exchange Gain or Loss account

Foreign accounts

Bank and card accounts in a foreign currency

Native and home balances side by side

Money in or out at a rate you enter

Stripe card links in the invoice's currency

Reports in your home currency, with exchange gains and losses.

What it does not do

· Rates come from the Bank of Canada or from you; there is no automatic daily download.

· Payments waiting in Undeposited Funds are in the home currency, so they are deposited into a home-currency bank account; foreign payments can go straight into a foreign account.

· Reports, customer statements and payment receipts are in the home currency. Invoices, estimates, orders, sales receipts and credit memos in a foreign currency print with its currency code.

· One home currency per company file.

· Windows 10 and 11 for now (no Mac version yet); no phone app.

· One company per file; open as many files as you have businesses.

Questions people ask

Before you download

Can a Canadian company invoice US customers in US dollars?

Yes. Set the customer's currency to USD and their invoices are in US dollars. Your books stay in Canadian dollars, and the gain or loss is posted when they pay.

Where do the exchange rates come from?

Click Get Bank of Canada rates in the Exchange Rates list for the official daily rates, or enter your bank's rate yourself, and type the actual rate on a payment when it differs. AcboBooks only connects to the Bank of Canada when you click.

What is the difference between realised and unrealised gains?

Realised gains and losses happen when an invoice or bill is settled at a different rate. Unrealised ones are the change in value of what is still open at period end; the revaluation posts them as an adjusting entry you can reverse later.