Lightyear can receive documents from foreign countries and therefore extract in multiple 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:
- An United Kingdom account (Lightyear Test (UK-2019-04))
- Receiving a bill from a United Kingdom Supplier (Hawthorn Leisure Ltd)
- Being charged in USD (Total USD $8,232)
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, which Lightyear will default to, regardless of the extracted Currency from the document.