Each customer you create in Avaza can have a currency associated with them that may be different from your account (base) currency.
When creating an Estimate, Invoice or Credit Note, you can both view and update the exchange rate being applied.
Figure: View and Edit Exchange Rate when creating an Invoice, Estimate or Credit Note
In reports, we allow you to view transactional (invoices, credit notes, estimates, payments) in account or customer currency. Here is how we convert customer currency transactions into account currency.
Account Currency: USD
Customer Currency: AUD
Invoice Amount: $120 AUD
Exchange rate: 1 USD = 1.40885 AUD
The formula for conversion = Invoice amount / Exchange Rate
For example, in this case, 120 AUD / 1.40885
Invoice amount in account currency: $85.18 USD
Do you have any other questions about exchange rates? Please contact our support team via chat or email.