How do you set up multi-currency support?

• A. Enable Multi-currency in Settings > Advanced; set home currency and add foreign currency customers/vendors; exchange rates update automatically.
• B. Enable Time Tracking.
• C. Create an invoice in base currency only.
• D. Use a third-party app.

Answer: (A)

Setting up multi-currency involves turning on the feature and defining the currencies you’ll use. Enable Multi-currency in Settings > Advanced, set your home currency, and add foreign currencies for customers and vendors. Once this is in place, you can record transactions in different currencies and rely on automatic exchange rate updates, so invoices, payments, and reports reflect correct values without manual math. This is essential for billing in a customer’s currency and tracking how exchange-rate changes impact your financials. The other options don’t enable multi-currency: Time Tracking isn’t related to currencies; creating an invoice only in base currency prevents multi-currency use; and while a third-party app can work, the built-in feature provides the straightforward, integrated solution.