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Multi-currency arrives at FreshBooks

UPDATE: We have made some improvements to Multi-currency since its initial release. Please visit this blog post for more details.

We’re pleased to announce that you can now bill customers and collect payment using multiple currencies inside FreshBooks. At first glance, the changes are small and subtle, but they have far-reaching effects throughout your account. Let me take you over most of them:

Foreign currency invoicing

Select your currency
Now, when you create a new invoice (or estimate, or recurring invoice), you’ll be prompted to choose a currency for that invoice. Doesn’t get much simpler than this. The appropriate currency symbol and number formatting will appear dynamically, and carry over to your template.

Helpful exchange rates

Exchange items
Most of your FreshBooks account will continue to work in your base currency. For example, if you’re a USD company, your re-usable items and project rates will continue to be stored in USD. When you put these on a foreign currency invoice, however, a helpful exchange rate widget will let you dynamically mark up (or down) your invoice according to the latest exchange rate data.

Multi-currency reporting

Multi-currency reporting
Starting now, reports will group values and totals according to the currency in which they take place. There’s a few exceptions, most notably the Profit and Loss report, which will report figures solely in your base currency by averaging exchange rate data over the queried period.

Bonus! Account statement redesign

Account Statement
Even if you don’t plan to make use of our new multi-currency features, there’s still good news: we’ve jazzed up our account statement to look more like our sharp new invoice template. And for the first time, printed account statements will fit in double-windowed envelopes, perfect for snail mailing to your clients.

Multi-currency FAQ

This is one of the largest releases we’ve ever had the privilege of delivering, and we’re sure you’ve got questions. So, we’ve put together a new multi-currency FAQ to help explain how it all fits together. Of course you’re always welcome to e-mail us or post a message on our forums with inquiries.

So, that about does it. We hope you’ll find this latest set of features both useful and enjoyable. And as always, feedback is both encouraged and greatly appreciated!


  • http://www.freshbooks.com/our-team.php#ben Ben Vinegar

    Andy: Not yet. Getting perfect PDF exports of our pages has been something of a hassle, so not sure when this will happen. I’ll bring it up with the team though.

  • http://www.itproject.com.au Ben Thompson

    Thank you ! Makes things so much easier now for our overseas customers.

  • http://www.kubalek.com Kimberly Kubalek

    As usual, FreshBooks totally ROCKS! Thank you!!!

  • http://www.livethelife.eu Yves Van den Meerssche

    Fantastic news. Thanks !!! FreshBooks is now as good as it gets.

  • http://swanc.com.au Matsby

    Wow I was literally a couple of hours away from creating a whole new account to handle a second currency – I’d read this was on the way but i’d also read it was “imminent” for like a year, so thanks for the great timing and thanks for the great service :-)

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  • http://www.lantern8.com Steve B

    Wow, great news. Will have to update my article about Freshbooks as this was my only real gripe.

    Great work!

  • http://www.borisgeissler.com Boris G

    Seems like the Freshbook dinner in Chicago paid off.
    Thank you Mike for listening and solving my issue.

  • http://www.mushroomdigital.co.uk website designers

    This is fantastic news. Freshbooks now makes it so much easier for overseas customers. Brilliant!

  • http://brightapproach.com Ben Hughes

    You kids rock.

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  • http://www.embassyship.com PRAVEEN

    This is feature is really great. I was using another software for muticurrency invoices. Now I am saving some bucks and as well as all in under freshbook. thanks Keep it up!

  • Marina

    I’m still waiting a way to change the invoice form to a different language…It’s being a long time tha I want to use freshbooks, but I can’t send an Invoice in english if my client speaks Portuguese….I’ll be waiting for a change…

  • ridwanzero

    Often we forget the little guy, the SMB, in our discussions of the comings and goings of the Internet marketing industry. Sure there are times like this when a report surfaces talking about their issues and concerns but, for the most part, we like to talk about big brands and how they do the Internet marketing thing well or not so well.

    http://www.onlineuniversalwork.com

  • http://www.oanda.com Robert Gomes

    who is proving the exchange rates?

  • Bart Janssen

    Hi all,

    Entering international travelexpenses is high on my list. I need to travel a lot and it would be really great to enter the expenses on the spot using the minibooks app on my iphone. It seems however that all numbers always en up in the standard currency in FB

  • http://bestcurrencyrate.com Best Currency Rate

    This is feature is really great. I was using another software for muticurrency invoices. Often we forget the little guy, the SMB, in our discussions of the comings and goings of the Internet marketing industry.
    __________
    peterscott

  • Luc

    When you implement multi-currency for expenses (soon I hope!) please also make it easy to upload an image of the receipt. No need for OCR or add-to-address book.

  • tjr

    I am also a “fan” of multi-currency for expenses. Any plans for it ?

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  • Nathaniel

    +1 for the multi-currency expenses, I buy software and downloads from o’seas a lot

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  • Ahmed Ghazi

    I also need the expenses to be multi-currency.

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  • http://www.peterboroughdesign.ca Peterborough Design

    Can we please please please get multi currency expenses? This is the only thing that is holding me back from using this on all of my businesses.

  • TBOX

    Could you add multi-currency options to the item catalog so that we can invoice using the correct cost in each currency? Also… please add a units variable so that we can control the display of the units label. We invoice on a per page basis as well as per hour, per day, per service and fixed price. thx

  • Peter

    Please add multi currency expenses!

  • merylmanning

    Hi Peter,

    I totally hear you on this one! It is defintiely a popular request, but if you wanted to send me your e-mail address, I can make sure we e-mail you any updates we have on the progress of this. Especially if it is ever a feature we open up in beta and are looking for people to test it out!

    My e-mail is meryl@freshbooks.com. I am just sorry I don’t have a more immediate solution.

    Meryl

  • http://www.dagiac.com DK Long

    multi currency expenses is still not available till now. Do you have any exact ETA for it? thanks

  • http://www.freshbooks.com Amanda

    Hey DK!

    I’m not able to give you an ETA on multi-currency expenses but I can definitely submit that as a feature request on your behalf. If we ever do roll out a multi-currency expense feature there will be a blog post about it so feel free to follow our blog if you aren’t already :) Sorry I can’t offer a better answer than that right now!

    We can discuss a potential work around if you would like to give me a call at 1-866-303-6061. Our phones are now open from 9am-6pm EST.

    Thanks so much for your feedback. It always helps us to know what our customers would love to see from the application!

    Amanda

  • http://www.dagiac.com DK Long

    this issue is holding me back from upgrading to higher plan :)


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