Multi Currency

Multi Currency

Lightyear can receive documents from foreign countries and therefore extract in multi currencies. No more forgetting to set the right currencies (especially if a supplier bills in multi-currencies) or paying in the wrong ones. Lightyear will take care of all that for you!  See below, we have an example of:
  1. An Australian account (Regina Filangi - Friends & Co - Surry Hills, Australia) 
  2. Receiving a bill from a French Supplier (Agorapulse, Paris France)
  3. Being charged in USD (Total USD $199)


The detail extracted can be seen in Panel 2 under Amount which will then be exported into your accounting software. Your accounting software will be able to handle the conversion rates for payment. 

You can also set up a home currency for the supplier, however, if there is a different currency on the document, Lightyear will extract according to the document currency as per above. 


On best practices for set up, check out this article on Foreign Currency Documents for more details.


      

    Check out release notes for 2020



      • Related Articles

      • Processing Tab

        Processing, this is where it all begins, and where users teach Lightyear the 'mapping rules' you want the system to follow forevermore. Watch this help video on the Processing Tab The first time a PDF arrives in your Lightyear account, it will be ...
      • Price Checker

        This is a step-by-step guide to setting up Price Lists in Lightyear to enable the Price Checker feature. The Price Checker notifies you when a supplier's on-invoice price differs from the loaded agreed price. Using Price Checker What is it? One of ...
      • Approvals Tab

        Watch this video on the Approvals tab: The Approvals Tab is where the approvals process starts. Lightyear has a 3 panel layout, and we will always refer to them as panel 1, 2 and 3 as below. Panel 1 shows a list of the bills that are waiting to be ...
      • Keyword Rule Automation

        Keyword Rules Automation allows you to set custom rules up at a supplier level to determine how bills are coded (GL, Categories...) and even route bills to certain approvers based on a keyword. This keyword can be anything, an account number, an ...
      • Bulk upload lists for set up

        Bulk Upload is a simple and fast way of uploading information to your Lightyear account. You can make use of Bulk Upload in the following areas of Lightyear: Accounting Software (For Adept, MYOB Desktop, Pronto, Sage and Sun Systems) Supplier Cards ...