{"schema":"exacc.help.page/1","url":"https://exacc.au/help/foreign-currency/","title":"Foreign currency transactions","description":"Exacc works in Australian dollars only. How to record overseas purchases, sales and bank fees in AUD, using the amount your bank shows.","category":"Accounting","summary":"Exacc works in Australian dollars (AUD) only: it has no multi-currency, exchange rates or foreign-currency accounts. Record every transaction at the AUD amount your bank actually paid or received, and enter conversion or international transaction fees as their own line.","lastVerified":"2026-10-15","apps":["app"],"processIds":[],"steps":[{"step":1,"title":"Use the AUD amount from your bank","body":["When you pay an overseas supplier or a customer pays you from overseas, your bank converts the money. Enter the transaction in Exacc at the AUD amount on your bank statement or bank feed, not the foreign amount on the invoice.","If the foreign amount matters to you, put it in the description or memo, for example \"USD 120.00 subscription\"."]},{"step":2,"title":"Record fees as their own line","body":["Banks and card providers often charge a conversion or international transaction fee. If it comes through as a separate bank line, code it to your bank fees account. If it is included in one amount, split the transaction with **New Journal** in **Process feeds**: the purchase on one line and the fee on another."]},{"step":3,"title":"Bills from overseas suppliers","body":["Enter the bill in AUD. The AUD amount can change between the bill date and the day you pay, so where you can, enter the bill once you know the AUD amount your bank paid. Then the bill and the payment match."]},{"step":4,"title":"Invoicing overseas customers","body":["Invoices in Exacc are in AUD. If you agreed a price in another currency, invoice the AUD equivalent and say so in the line description. When the payment arrives, record the AUD amount your bank received.","Online card payments taken through Stripe, eWAY or PayPal are charged in AUD."]}],"sections":[{"heading":"Tax codes","body":["Choose the GST code that applies to each transaction as usual. Purchases from overseas suppliers are often treated differently for GST; if you are not sure which code to use, ask your accountant or tax agent."]}],"faqs":[{"q":"Can I keep a bank account in US dollars or euros in Exacc?","a":"No. Every account in Exacc is in AUD. You can record the AUD value of that account's transactions, but Exacc does not track foreign balances or revalue them."},{"q":"Can Exacc send an invoice in another currency?","a":"No. Invoices, quotes and statements are in AUD. Invoice the AUD equivalent and show the agreed foreign price in the description if you need to."}],"related":["https://exacc.au/help/process-bank-feeds/","https://exacc.au/help/add-bank-transaction/","https://exacc.au/help/create-bill/","https://exacc.au/help/create-invoice/","https://exacc.au/help/gst-tax-codes/"],"linkNote":"Links containing {dbId} open that screen in the business file whose id is dbId. A person can also open this help page with ?db=<dbId> to get the same links as buttons."}