<aside> 👉🏼 If you’re using QBO with Subscript Billing, refer to Multiple currencies in Quickbooks for QBO-specific requirements.

</aside>

Currency basics

• Billing
  • We can invoice in any currency you’d prefer
  • You can have different currencies on different invoice schedules
• Analytics
  • You can specify the currency that you want the transaction to be in
  • You have to set one currency to see your analytics in (so we know what exchange rates to use for your “home” currency)

Exchange Rate options for SaaS metrics

There are 3 different options for what date to consider for the exchange rate used in SaaS metrics

1. Booking Date. The date that the deal was sold
2. Particular date. A calendar date that you choose and it doesn’t move (one fixed exchange rate applied to every single transaction)
3. Revenue Spread Date. The date of the SaaS revenue spread (the exchange rate used in this case is the first of the month).
   1. This option makes the MRR of a flat contract vary from month to month as the exchange rate fluctuates

Revenue Waterfall: the FX Adjustment Row

As of April, 2025, you’ll see a new row in your Revenue Waterfall, that accounts for changes in revenue that are due to exchange rates differences: FX ADJ.

https://www.loom.com/share/4804d5c8d06342ba9fc6d64df97652f9

Accounting Conversion Rate Type

We have 2 options for converting the accounting spreads.

1. Booking date, this is the default.
2. Invoice date, this will convert the accounting spreads on the date the invoice associated with those spreads is sent.