How to Set Up Multi Currency and Perform Revaluation

Working with international customers or vendors? Learn how to handle multi-currency transactions in Luca Accounting and keep your books accurate when exchange rates fluctuate.

In this complete walkthrough, you'll learn how to:
✅ Enable the Multi-Currency feature in Settings
✅ Set up foreign exchange rates (USD to SGD example)
✅ Create customers that transact in foreign currencies
✅ Generate sales invoices in USD with automatic currency conversion
✅ Post invoices to your general ledger
✅ Review your Account Transaction Report
✅ Run a Revaluation Adjustment to update foreign balances at period-end
✅ Record unrealized gains and losses from exchange rate changes
✅ Export and understand the Multi-Currency Excel report

Why This Matters:
Exchange rates change over time. If you invoice a customer $100 USD when the rate is 1.28, but the rate moves to 1.50 by period-end, your books need to reflect that updated value. Revaluation Adjustments ensure your financial statements are always accurate — without altering what your customer actually owes.

Perfect for accountants, bookkeepers, and business owners managing cross-border transactions in Singapore or anywhere multi-currency accounting is needed.

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Видео How to Set Up Multi Currency and Perform Revaluation канала Enston