Configure your preferred currency
Holded allows you to keep an accurate record of your accounting in the currency of your choice. To set the default currency, follow these steps:
Go to Menu > Settings.
Under “Account”, select the “Account Settings” option.
Scroll down to “Preferences” and choose your preferred currency from the “Currency” dropdown.
Exchange Rates
Once your currency is set, you will be able to issue and post invoices in any other currency. When you register an invoice, the exchange rate of the invoice date will be automatically applied. This exchange rate will be applied at the time of collection or payment.
1. Check the exchange rate of a currency
Go to Menu > Settings.
From “More”, click on “Currencies”.
You will find a list of all available currencies and the exchange rate applied against the account's preferred currency. This list includes:
Currency: international acronyms for the currency (for example, USD or EUR). Use these abbreviations to import invoices.
Name: internal name of the currency in Holded (for example, $ or Euro).
Symbol: international symbol of the currency (for information).
Current exchange rate: exchange rate automatically updated every day with respect to the account currency (for example, if you have the account in euros, an exchange rate of 1.12 to the dollar will be displayed).
Assign fixed exchange rate: if you need to post invoices from a previous period without having to manually edit the exchange rate on each invoice, you can assign a fixed exchange rate temporarily and then delete it to display the updated rate.
Scroll down, or use the search engine to more easily locate the currency you are interested in.
2. Setting the exchange rate of a currency
To set a fixed exchange rate for a currency, follow these steps:
Go to Menu > Settings.
From “More”, click on “Currencies”.
Locate the currency you are interested in, and click on “Assign fixed exchange rate”.
In the pop-up window, type the number you wish to apply to that particular currency.
Click “Save”.
In the future, when you issue or post invoices in that currency, the exchange rate you have set in this way will be applied.
3. Editing the exchange rate of a currency
To change the fixed exchange rate of a currency, follow these steps:
Go to Menu > Settings.
From “More”, click on “Currencies”.
Locate the currency in which you have preset the exchange rate and want to edit.
Click on the pencil icon, and type in the new exchange rate you wish to apply to the currency.
Click “Save”.
4. Stop assigning a fixed exchange rate to a currency
To stop assigning a fixed exchange rate to a currency, follow these steps.
Go to Menu > Settings.
From “More”, click on “Currencies”.
Locate the currency in which you want to stop presetting the exchange rate.
Click on the trash can icon.
Confirm the action.
From now on, when you register an invoice, the exchange rate corresponding to the date of the invoice will be automatically applied.
5. Edit the currency when creating an invoice
If you need to edit the exchange rate on a particular invoice, you can do it easily by following these steps:
Go to Sales > Invoices.
Click on “New Invoice”.
Go to “Options” at the top right.
Under “Currency”, select the desired currency from the dropdown.
