Multi-Currency Accounting Software for Global Business Owners.

Simplify your global transactions with Balabook’s multi-currency feature.

Automatically fetch daily rates from the European Central Bank, convert invoices to your clients' currencies, and accurately track exchange gains and losses. With the ability to adjust rates to match your bank, you save time and ensure precise financial reporting from Cyprus to the whole world!

Balabook’s multi-currency accounting software empowers small business owners to expand globally with ease.

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Automatic Daily Exchange Rates

Balabook fetches daily exchange rates from the European Central Bank, ensuring your invoices reflect the most accurate conversion rates. This eliminates the guesswork and ensures your transactions are always up to date with the latest market rates, providing peace of mind and financial accuracy for your business dealings.

Automatic Currency Conversion

When you send an invoice, Balabook automatically converts it into your client's currency, saving you the hassle of manual calculations. This seamless process ensures that your international clients receive invoices in their preferred currency, making transactions smoother and more professional.

Exchange Gain/Loss Calculation

Balabook calculates any exchange gains or losses, providing you with clear insights and accurate financial reporting. This feature helps you understand the impact of currency fluctuations on your finances, ensuring that you can make informed business decisions based on accurate data.

Customisable Rates

Prefer to use your bank’s exchange rate? No problem. Balabook allows you to adjust the rate to match your bank’s, giving you full control. This flexibility ensures that your financial records are aligned with your banking practices, enhancing the accuracy of your financial management.

Time-Saving Efficiency

Save hours on invoicing and financial management, allowing you to focus on growing your business from Cyprus to the world. By automating complex tasks and reducing manual workload, Balabook enables you to dedicate more time to strategic activities that drive your business forward.

FAQ's:

1. How does Balabook fetch daily exchange rates?

Balabook automatically retrieves daily exchange rates from the European Central Bank, ensuring your financial transactions reflect the most current and accurate rates available.

2. Can I manually adjust the exchange rates used by Balabook?

Yes, Balabook allows you to adjust the exchange rates to match those of your bank, giving you the flexibility to use preferred or more favourable rates for your transactions.

3. How does Balabook handle currency conversion for invoices?

When you send an invoice, Balabook automatically converts the amount into your client's currency based on the current exchange rate, saving you time and ensuring accuracy in all your international transactions.

4. What is exchange gain/loss calculation, and how does Balabook manage it?

Exchange gain/loss calculation is the process of determining the difference in value caused by currency fluctuations. Balabook automatically calculates these gains or losses and provides clear insights in your financial reports.

5. Does Balabook support multiple currencies for different transactions?

Absolutely, Balabook supports over 30 currencies, allowing you to handle international transactions with ease and efficiency. Each transaction is converted and recorded in the respective currency.

6. How can Balabook's multi-currency features save me time?

Balabook automates the retrieval of exchange rates, conversion of invoices, and calculation of exchange gains/losses, significantly reducing the time spent on manual calculations and financial management.

7. Is my financial data secure with Balabook?

Yes, Balabook uses top-tier encryption to ensure that all your financial data, including multi-currency transactions, is secure and protected.

8. Can I generate reports that include multi-currency transactions?

Yes, Balabook allows you to generate comprehensive financial reports that include multi-currency transactions, giving you a clear and accurate view of your business's global financial health.

9. How do I get started with Balabook's multi-currency features?

Getting started is easy. Sign up to Balabook, and the multi-currency features will be available to help streamline your international transactions right away.