Bill a client in their currency and read your books in yours. Finocket supports 16 currencies, converts every total back to your home currency, and — the part that matters at audit time — locks the rate onto each document so an old invoice never silently changes value.
Open Exchange ratesAdd or update a rateYour home currency
Your home currency is the one your reports are written in — Trial Balance, Profit & Loss, Balance Sheet, dashboard totals. Every foreign-currency document is converted into it at the rate in force on that document's date.
Rates are snapshotted, not looked up
Every invoice takes a copy of the exchange rate at issue-date time and keeps it. Change a rate today and historic invoices stay at their historic rate— which is what makes last quarter's figures reproducible.
- Add a new rate for a currency pair, or update an existing one in place.
- Your dashboard warns you when an invoice or payment is missing a rate, rather than converting it at 1:1 or leaving it out silently.
What Finocket will not do
- It will not fetch live rates for you. The rates are the ones you enter. That is deliberate: a figure in your books should be one you can point at a source for, not one that moved while you weren't looking.
- It will not re-rate a document you have already issued. Editing a rate affects documents issued from then on.
- It will not fold foreign-currency amounts into a tax working. Money held in a currency other than your workspace's is left out of the tax plan, with a count and an explanation, rather than being counted as rupees.