Multi-Currency Billing

Bill customers in their local currencies

Multi-Currency Billing

Alguna supports billing customers in their preferred currencies. Set prices in multiple currencies, handle FX conversions, and manage settlement across different currencies.

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How Multi-Currency Works

Step	What Happens
1. Set Customer Currency	Each customer has a preferred currency (e.g., EUR)
2. Invoice Generated	Invoice is created in the customer’s currency
3. Payment Collected	Customer pays in their currency
4. Settlement	Funds settle to your bank in your settlement currency
5. Revenue Recognition	Revenue recorded in your functional (reporting) currency

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Setting Up Currencies

Configure Your Currencies

Navigate to Settings → Currencies to configure:

Setting	Description	Example
Default Currency	Currency for new customers if not specified	USD
Supported Currencies	Currencies you can bill in	USD, EUR, GBP, CAD, AUD
Settlement Currencies	Currencies you receive funds in	USD, EUR
Functional Currency	Your reporting currency	USD

Set Customer Currency

When creating or editing a customer:

1. Navigate to Customers → [Customer]
2. Edit the customer profile
3. Set Currency to their preferred currency
4. Save

All invoices for this customer will be in their currency.

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Multi-Currency Pricing

Option 1: Set Prices Per Currency

Set explicit prices for each currency (recommended for control):

Currency	Monthly Price	Annual Price
USD	$99	$990
EUR	€89	€890
GBP	£79	£790
CAD	$129	$1,290

Configure in Products → [Product] → Pricing or Plans → [Plan] → Pricing.

Option 2: Automatic Conversion

If you don’t set a price for a currency, Alguna converts from your base currency:

Base Price (USD)	Target Currency	FX Rate	Converted Price
$99	EUR	0.92	€91.08
$99	GBP	0.79	£78.21
$99	CAD	1.35	$133.65

Configure conversion settings in Settings → Currencies → Conversion.

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Exchange Rates

FX Rate Sources

Source	Description	When to Use
Daily Rates	Updated daily from market rates	Standard billing
Manual Override	Set your own rates	Contracted rates

Rate Locking

Choose when to lock the exchange rate:

Option	Description	Risk
Invoice Date	Lock when invoice is created	Low - rate known at billing
Period Start	Lock at billing period start	Low - consistent within period
Payment Date	Convert when payment received	High - rate can change

Configure in Settings → Currencies → FX Rate Settings.

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Invoicing

Invoice Example

An invoice for a European customer:

Line Item	Amount
Pro Plan - Monthly	€89.00
Subtotal	€89.00
VAT (19%)	€16.91
Total	€105.91

FX Information on Invoice

If you display settlement information:

	Customer Currency	Settlement Currency
Invoice Amount	€105.91
Exchange Rate		1.087 (as of invoice date)
Settlement Amount		$115.12

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Settlement

How Settlement Works

Customer Pays	You Settle In	Conversion
EUR	EUR	No conversion (if you have EUR settlement)
EUR	USD	Converted at settlement rate
GBP	USD	Converted at settlement rate
USD	USD	No conversion

Configure Settlement Routing

Navigate to Settings → Currencies → Settlement:

Invoice Currency	Settles To	Bank Account
EUR	EUR	Deutsche Bank (EUR)
GBP	USD	Chase (USD)
CAD	USD	Chase (USD)
USD	USD	Chase (USD)

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Revenue Recognition

Revenue is always recognized in your functional (reporting) currency.

FX Conversion for Recognition

	Invoice Currency	Functional Currency
Invoice Amount	€1,000
FX Rate at Invoice		1.10
Revenue Recognized		$1,100
Monthly Recognition (12 mo)		$91.67

FX Gains and Losses

Currency fluctuations between invoice and payment create gains or losses:

	At Invoice	At Payment	Difference
Amount (EUR)	€1,000	€1,000
FX Rate	1.10	1.08
USD Value	$1,100	$1,080	($20) loss

View FX gain/loss in Reports → FX Gain/Loss.

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Reports

Revenue by Currency

Navigate to Reports → Revenue:

Currency	Revenue	In USD (Functional)
USD	$125,000	$125,000
EUR	€45,000	$48,960
GBP	£22,000	$27,940
Total		$201,900

Invoices by Currency

Currency	Invoices	Total Invoiced	Paid	Outstanding
USD	450	$125,000	$118,000	$7,000
EUR	120	€45,000	€42,000	€3,000
GBP	85	£22,000	£20,500	£1,500

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Customer Portal

Customers see everything in their currency:

What They See	Currency
Invoice amounts	Their currency
Subscription pricing	Their currency
Credit balance	Their currency
Payment history	Their currency

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Common Scenarios

European Expansion

1. Add EUR and GBP to supported currencies
2. Set EUR and GBP pricing for products
3. Add EUR settlement account (optional)
4. Configure EU tax rules

Regional Pricing

Adjust prices for purchasing power:

Region	Currency	Pro Plan	Discount vs USD
US	USD	$99	-
Europe	EUR	€89	~10% less
UK	GBP	£79	~10% less
India	INR	₹4,999	~50% less

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Best Practices

Set Explicit Prices

Set prices for each currency rather than relying on conversion.

Lock Rates Early

Lock FX rates at invoice date to avoid payment risk.

Monitor FX Impact

Track FX gains/losses for financial planning.

Local Payment Methods

Enable local payment methods for better conversion.

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Next Steps

Currency Setup

Initial currency configuration.

Revenue Recognition

Multi-currency revenue recognition.