Currencies and Exchange Rates

This guide explains how to use different currencies in SimplBooks.

You can use different currencies on sales invoices, for example. Simply select the currencies you want to use, and the programme will automatically fetch and apply the current exchange rates from the European Central Bank.

Managing currencies

You can manage currencies under Settings > Currencies.

The page displays the base currency that is used by default for bookkeeping.

You can also add a new base currency if needed by clicking “New base currency“.

📢 Note! The base currency is the currency used to create the company’s accounting and reporting. Only one base currency can be active at a time. The base currency must be the currency of the country in which the company is registered.
📢 Note! If you want to add different currencies to documents, you can add exchange rates by editing the existing base currency.

Adding currencies to documents

1. You can add currencies to documents by clicking the existing base currency and then selecting “Edit Currency” from the Actions menu on the right.

    2. Activate all the currencies you want to use, for example when creating invoices.

    If the exchange rate you need is not found in the list, you can add it at the bottom of the list by clicking “Add new row“.

    💡 Tip: An activated exchange rate button is dark green, and a deactivated one is grey.

    💡 Tip: If the programme is unable to load the exchange rate from the European Central Bank, it will use the value specified in the Amount field in the currency settings.

    Using currencies

    When creating a sales invoice, SimplBooks automatically fetches the current European Central Bank exchange rate, so you do not need to handle exchange rate differences yourself. It is sufficient to activate the currencies you use before creating a sales invoice and to add any new exchange rates as needed.

    On a sales invoice, you can select any active currency in the Currency field, and the programme will automatically calculate the amounts using the correct exchange rate.

    Other related guides:

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