Working with Multi-Currency in COUNT

COUNT's native multi-currency functionality allows you to manage customers, suppliers, bank accounts, and transactions in multiple currencies while maintaining a single reporting currency for your financial statements.
Whether you're invoicing overseas customers, paying international suppliers, or reconciling foreign bank accounts, COUNT automatically handles exchange rates and currency gains and losses behind the scenes.

How Multi-Currency Works

Every COUNT workspace has a default reporting currency, which is the currency your financial reports are generated in.

When you create transactions in another currency, COUNT automatically:

• Captures the exchange rate on the transaction date
• Records the transaction in both the foreign currency and your reporting currency
• Calculates realised currency gains and losses when payments are made
• Calculates unrealised currency gains and losses when foreign balances are revalued
• Keeps your financial reports in your reporting currency

This means you can work in multiple currencies without needing to manually calculate exchange differences.

Working with Foreign Currency Invoices and Bills

Invoices and bills can be created in foreign currencies just like domestic ones.

When you save a foreign currency invoice or bill, COUNT automatically:

• Captures the exchange rate for that date
• Records the exchange rate used
• Calculates the reporting currency value of the document
• Uses that captured rate for future accounting entries

You'll be able to see:

• The document currency
• The exchange rate used
• The date the exchange rate was captured
• The reporting currency value of the invoice or bill

Foreign Currency Bank Accounts

COUNT also supports bank accounts held in foreign currencies.

For these accounts, COUNT stores:

• The original transaction amount in the bank's currency
• The translated value in your reporting currency

This allows you to reconcile your foreign bank account using its native currency while still producing accurate financial reports in your reporting currency.

Automatic Currency Gains and Losses

Exchange rates change over time, so the value of foreign currency transactions may change between the time they're created and when they're paid.
COUNT handles this automatically.

Realised Currency Gains and Losses

When a foreign invoice or bill is paid, COUNT compares:

• The exchange rate used when the document was created
• The exchange rate when payment was received or made

If there's a difference, COUNT automatically posts the realised currency gain or loss.
No manual journal entries are required.

Unrealised Currency Gains and Losses

Foreign currency balances can also change in value before they're settled.
COUNT can automatically revalue foreign balances and post unrealised currency gains or losses, ensuring your financial statements accurately reflect exchange rate movements.

Financial Reports

All standard financial reports in COUNT—including:

• Profit & Loss
• Balance Sheet
• Trial Balance

are automatically presented in your workspace's reporting currency.
The necessary currency conversions happen automatically behind the scenes, so you don't need to manually translate balances.

System Accounts for Multi-Currency

COUNT automatically creates the system accounts needed to manage foreign currency accounting, including:

• Realised Currency Gain/Loss
• Unrealised Currency Gain/Loss
• Currency Rounding
• Foreign Currency Translation Reserve

These are system-managed accounts used automatically by COUNT whenever foreign currency transactions occur.

Multi-currency in COUNT is designed to remove the complexity of foreign currency accounting. By automatically capturing exchange rates, translating transactions, and posting currency gains and losses, COUNT lets you transact globally while keeping your financial reports accurate and your bookkeeping simple.

Updated on: 04/08/2026