The Multicurrency feature is only available on the Large plan.
We integrate with XE.com, the conversion rates update automatically depending on the date of the transaction you are processing. This guide helps explain how to set up the opening balance for a bank account in a foreign currency, to learn how to add a bank account in a foreign currency, please click here.
Navigate Money > Opening balances > Cash.
For foreign bank accounts two boxes are provided, figures must be entered into both boxes for the opening balance to update.
The second box is the actual foreign currency amount, the first box should be the converted home currency amount.
Once the figures are added to both boxes hit the Update button to complete.