Accepting Payments in Multiple Currencies

Accepting Payments in Multiple Currencies

Invoice international clients in their local currency while tracking everything in your home currency. TallySpark automatically handles exchange rates and conversions.

Benefits of Multi-Currency Invoicing

• Invoice clients in their preferred currency
• Avoid currency confusion and payment delays
• Automatic exchange rate fetching
• Track all revenue in your home currency
• Professional international invoicing

Selecting Currency for Invoices

1. Create or edit an invoice
2. In the Invoice Items Manager, locate the currency selector row
3. Click the currency dropdown labeled Currency:
4. Select the client's preferred currency
5. The exchange rate automatically loads and displays

How Exchange Rates Work

When you select a currency, TallySpark shows:

• Current Exchange Rate - Displayed as "1 USD = 0.85 EUR" format
• Refresh Icon - Update to latest rate if needed
• Rate Lock - Exchange rate locks when invoice is sent
• Dual Totals - Amount in both currencies displayed

Understanding Locked Exchange Rates

Important: Exchange rates are locked at send time:

• Draft invoices use current market rates
• Sending the invoice locks the rate permanently
• Protects both you and client from rate fluctuations
• Locked rate appears on the sent invoice

Viewing Converted Totals

The invoice totals section displays:

• Primary Total - Amount in selected foreign currency
• Home Currency Equivalent - Conversion shown below in your currency
• Exchange Rate Applied - Clear rate disclosure

Setting Client Default Currency

Save time by setting currency preferences per client:

1. Open the client profile
2. Edit client details
3. Set Preferred Currency
4. New invoices auto-select this currency

Supported Currencies

TallySpark supports all major world currencies including USD, EUR, GBP, CAD, AUD, and 150+ additional currencies.

Best Practices

• Invoice international clients in their local currency
• Refresh exchange rates before sending
• Set client currency preferences for recurring invoices
• Review exchange rate impact on profit margins