When you need it
If you import materials from the EU (EUR), sell to markets outside Bulgaria (USD, GBP) or have employees in different countries — you need multi-currency management.
Key challenges
- Manual conversion on every transaction
- Rounding errors
- Difficulty generating reports in a base currency
- No historical rates for accurate reporting
The solution
Historical exchange rates
Store exchange rates by date. When you view an old transaction, it is shown at the rate from the day it took place, not today's rate.
Automatic conversion on transfers
When transferring from a EUR account to a BGN account, the system automatically looks up the rate for the date and calculates the amount received.
Reports in a base currency
Every report can be generated in a chosen base currency with automatic conversion of all transactions.
How Finsense helps
Finsense supports an unlimited number of currencies with ISO codes. Exchange rates are entered by date, and for transfers the system automatically finds the nearest available rate.
