💱 Currency Exchange Method Update for Invoices

We’ve introduced a new way of handling currency exchange in invoice generation. This update improves accuracy and simplifies calculations — especially for invoices issued in a different currency than your default folio currency.

🔄 What Has Changed?

Previous Exchange Method (Before Update)

All amounts were calculated in the default currency of the folio.
Each individual amount — Net, VAT, Gross, City Tax, Derived Services, etc. — was converted separately into the custom invoice currency.
This meant multiple currency exchange calculations per invoice item.
➡️ As a result, small discrepancies could occur on the final invoice due to rounding or conversion differences.

New Exchange Method (After Update)

All values are still calculated in the default currency on the folio. ✅
Only the gross price per folio item is converted to the selected invoice currency.
Net and VAT amounts are then calculated based on the exchanged gross price.
➡️ This leads to fewer calculations, and greater accuracy on the invoice.

🧭 UX Update: Invoice Editor Flow

To support the new method, we’ve made a small change to the flow before entering the invoice editor:

First, you select the invoice currency.
Then, you see a list of folio items, already exchanged into the selected currency.
You proceed with invoice editing as usual.

This ensures you're working with final, converted amounts from the start.

🔒 Backward Compatibility

This update only applies to invoices and receipts issued after the release date.
All previously created invoices, receipts, and related reports remain unchanged. ✅

🧪 Availability & Activation

Please note:
This update has not yet been rolled out to all accounts by default.

➡️ If you’re interested in switching to the new exchange method, please contact your account manager, who will assist you with enabling the feature for your organization.

✅ Benefits of the New Method

Fewer conversions = fewer chances for rounding errors
Faster and more reliable invoice generation
Clearer audit trail with simplified calculation logic