Work in the currencies your business uses
If your business operates across borders or deals with international clients and vendors, you can enable multiple currencies in Officaid. Operating currencies are set at the company level and become available throughout the platform for invoicing, expenses, accounts, and more.
How to Manage Operating Currencies
- 1 Go to Admin → Company from the left sidebar
- 2 Click the Edit Currencies quick action button
- 3 In the side panel, you will see your Default Currency (this cannot be removed) and your Other Operating Currencies listed as tags
- 4 To add a currency, open the Select Currency dropdown under "Add new operating currency" and choose from the list
- 5 To remove a currency, click the x button on the currency tag you want to remove
- 6 Click Update Currencies to save your changes
Where Operating Currencies Are Used
Once you add an operating currency, it becomes available in several areas across Officaid:
- Invoicing for billing clients in their preferred currency
- Expenses and Payables for recording costs in foreign currencies
- Accounts for setting up multi-currency bank accounts
- Claims for employees submitting expenses in foreign currency
Frequently Asked Questions
The default currency is set during account setup and cannot be changed from the Edit Currencies panel. If you need to change your default currency, contact Officaid support for assistance.
Existing transactions in that currency remain unaffected. However, you will no longer be able to create new transactions in the removed currency until you re-add it.
Officaid provides exchange rates for your operating currencies. For details on how exchange rates work and how they are applied to transactions, see How Exchange Rates Work.
What's Next?
Learn more about multi-currency in Officaid:
- Understanding Multi-Currency for a complete overview of multi-currency support
- Setting Up Your Operating Currencies for detailed setup guidance
- Multi-Currency Accounts to set up bank accounts in different currencies