Using Multiple Currencies

Follow

Certify provides a currency conversion feature that allows you to report expenses in a foreign currency and have the expense amounts converted to your default currency. This article shows you how to report expenses in foreign currency.

Certify pulls the FOREX data from SIX Financial, the Swiss operator of Europe's most important independent financial exchange. SIX compiles foreign exchange rates sourced from banks worldwide.

Please Note: To enable multiple currencies for your account, please see our Configuring Multiple Currencies article.  

Step 1: On your account homepage, under My Expense Reports, select Drafts.

 

Step 2: Under My Expense Reports, select the Name of the expense report you want to open.

Step 3: Under My Certify Wallet, open the receipt you would like to add to your report by clicking Add next to the receipt name.

Step 4: Click Edit or use the Cleanup Wizard to open the new expense line and enter the applicable details. 

Step 5: Select the appropriate currency in the dropdown. Click Save when you are finished with all of the expense details. 

Step 6: View the conversion rate by hovering your cursor over the green triangle next to the expense amount. 

Was this article helpful?
4 out of 9 found this helpful
Have more questions? Submit a request

Comments

  • Avatar
    Waiyee Leong

    When I edit the expense, there is no currency drop down menu appeared

  • Avatar
    Allison Dickey

    Hello Waiyee,

    You will need to go into your My Account page and put a check mark in the box "Use Multiple Currencies" and then click "Save". Once this change has been made you will be able to utilize the currency drop down menu when editing an expense.

    -Certify Support

  • Avatar
    Joseph Aviles

    Where can I view a list of all the current conversion rates?

  • Avatar
    Kimberly Glenn

    Hello Joseph,

    Certify uses daily closing currency conversion rates from SIX Financial, the Swiss operator of Europe's most important independent financial exchange. SIX compiles foreign exchange rates sourced from banks world-wide.

    -Certify Support

  • Avatar
    Doris Anderson

    If the foreign exchange calculations never match the actual credit card charges- what value is there in entering the receipt in it's native currency? You still need to wait for the credit card statement to see the actual charge amount to be submitted.

  • Avatar
    Jennifer Richardson

    Hello Doris,

    Certify pulls the FOREX data from SIX Financial, the Swiss operator of Europe's most important independent financial exchange. SIX compiles foreign exchange rates sourced from banks worldwide. I will reach out to you via email to gather some additional information.

    -Certify Support

  • Avatar
    David Fraser

    I agree with all the comments above - this is a real pain and issue. Not sure why Certify can't do the same as Expensify and allow the company administrator to add a % buffer to cover the average FX conversion cost.

  • Avatar
    Tyler Christian

    David,

    In a Certify Wallet with different currencies, we do allow for a 2.5% variance. This function compares the two converted amounts and allows for conversion rate variance so that credit card companies can use a slightly different conversion rate than Certify does.

    I will follow up with you through email to answer any other questions.

    - Certify Support

  • Avatar
    Megan Millward

    Hi there,

    I have a question about the above currency issues please- I am based in the UK, but if I travel and submit an expense in EUR then I understand that Certify pulls the forex data from SIX financial, however is there any way that I can get that information OUT of Certify. So when I use the API to get information out and into my own accounting system, can I either a) pull out the original receipt amount and currency or b) pull out the original currency and conversion rates. You have that information in Certify, as I can see the conversion rate that you've used, but I need to export that information for our internal project reporting.

    Thanks, Megan

  • Avatar
    Allison Dickey

    Hi Megan,
    I recommend using the "Expenses with Receipts" report in Analytics. This report will show the "Converted Amount" and the "Converted Currency" based on the default currency of the user running the report. This information can also be exported to Excel. I will follow up with you through email.
    -Certify Support

  • Avatar
    Liz Fliegelman

    Can we turn off the foreign currency converter option for our company? We spend a lot of time fixing the rates that Certify calculates due to the timing of the submission of the expense compared to the timing of the actual transaction. It would be much more efficient if we just required everyone to key in the actual conversion rate per their statements the first time as opposed to having to manually correct each one as they are never right.

  • Avatar
    Candice Camfferman

    Hello Liz,

    I'll follow up with you via email with more information.

    -Certify Support

  • Avatar
    Sohaib Mujtaba

    Hi Liz, I actually have the same request as Lfliegelman , please can you let me know the solution that you agreed with Lfliegelman? This has become a very critical issue for us so I would really appreciate your support.

  • Avatar
    Candice Camfferman

    Hello Sohaib,

    I will follow up with you via email to provide more information.

    -Certify Support

  • Avatar
    Jlamirande

    I have the same issue, I would like the exchange rate for each receipt on my expense report to match each posted exchange rate on my credit card statement for each receipt.

  • Avatar
    Jennifer Richardson

    Hello Jack,

    Certify pulls the FOREX data from SIX Financial, the Swiss operator of Europe's most important independent financial exchange. SIX compiles foreign exchange rates sourced from banks worldwide. I will follow up with you via email with additional information.

    -Certify Support