Your app allows you to select the alternative currency and apply it to converting invoices for particular members and companies.
Add an alternative currency
Follow these steps to add an alternative currency to your location:
Go to Locations > Settings > General.
Locate the "Alternative Currencies" section and press
Select a necessary currency from the drop-down and keep the "Autoupdate Rate" switch turned on if you want the currency rate to be updated automatically. Based on trusted data sources, the currency auto-update rate is renewed once per hour.
💡 You can also state the currency exchange rate manually by turning off "Autoupdate Rate" and typing the necessary rate below. You can add an unlimited number of alternative currencies to your location.
Apply alternative currency to invoices
Follow these steps to apply an alternative currency for companies and individual members:
Open Community > pick a member/company.
Press on the (...) menu button at the top right >
Enable the "Alternative Currency" toggle and choose the preliminary added alternative currency from the drop-down.
Create a subscription to use invoicing.
How alternative currency works
Your members and company managers view the invoice total on a Membership page in the primary currency of your location. Meanwhile, the alternative currency appears on invoices only when the invoice is issued. The exchange rate applied to the invoice amount is taken according to the "Autoupdate Rate" when the invoice is issued.