Report expenses in a foreign currency

You can report expenses in currencies other than your workspace's default currency by following these steps. This functionality allows for accurate financial reporting when handling expenses incurred in different currencies.

Report an expense in a foreign currency

Navigate to the Expenses section. While reporting a new expense or editing an existing expense (see here), you can choose to report in a foreign currency.

1. Click the currency symbol below the entered amount.

   

2. A drop-down menu with foreign currency options will appear. Select the appropriate foreign currency.

3. After selecting the currency, a dialog box titled "Book in foreign currency" will open.

   

4. Enter the amount in the foreign currency.
5. If needed, you can change the selected foreign currency with the Currency drop-down menu.
6. Choose a method to determine the exchange rate. There are three options to convert the foreign currency into the workspace currency:
   • Date: Convert using the daily exchange rate for a specific date.
   • Time Period: Use the average exchange rate over a specified time period.
   • Custom Rate: Manually input a custom exchange rate.
7. Click Confirm to apply the conversion using the amount and exchange rate. The foreign currency amount will be converted using the exchange rate method into the workspace currency.

Update or remove foreign currency settings

Navigate to the Expenses section and open the expense into the sidebar (see here).

1. Click the currency symbol below the entered expense amount. A drop-down menu with foreign currency options will appear.

   

2. Click the pencil icon near the active foreign currency to reopen the "Book in foreign currency" dialog.
3. Update the settings as needed and click Confirm.

To Remove Foreign Currency Conversion:

• Follow the same steps as above, but select "Remove conversion" in the dialog.