16 Best Multi-Currency Accounting Software Reviewed In 2025
Best Multi-Currency Accounting Software Shortlist
Here’s my shortlist of the best multi-currency accounting software:
Our one-on-one guidance will help you find the perfect fit.
Today, businesses of all sizes are engaging in transactions across borders, often dealing with multiple currencies. As a current financial controller, I understand how challenging managing finances in this complex environment can be, especially when it comes to tracking exchange rates, handling international invoices, and ensuring compliance with local tax regulations.
That's why I use multi-currency accounting software. These days, multi-currency accounting software is an indispensable tool, offering businesses the ability to simplify financial management while reducing the risks of manual errors.
Using my expertise in accounting operations, I tested and reviewed some of the top solutions available. Whether you’re looking for software with strong reporting capabilities, seamless integrations, or user-friendly interfaces, I'm confident my selections with help guide you towards finding the right tool for your team.
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Best Multi-Currency Accounting Software Summary
This comparison chart summarizes pricing details for my top multi-currency accounting software selections to help you find the best one for your budget and business needs.
| Tools | Price | |
|---|---|---|
| Tipalti | Pricing upon request | Website |
| Acumatica | Pricing upon request | Website |
| Blue Link ERP | Pricing upon request | Website |
| Prismatic | Pricing upon request | Website |
| MYOB | From $10/user/month (billed annually) | Website |
| ClearBooks | From $7.92/month (for 3 months, then $15/month, billed annually) | Website |
| Eleven | From $25/2 users/month (billed annually) | Website |
| Gimbla | From $12.70/month | Website |
| Accounting Seed | Pricing upon request | Website |
| iplicit | Pricing upon request | Website |
Compare Software Specs Side by Side
Use our comparison chart to review and evaluate software specs side-by-side.
Compare SoftwareHow to Choose Multi-Currency Accounting Software
It’s easy to get bogged down in long feature lists and complex pricing structures. To help you stay focused as you work through your unique software selection process, here’s a checklist of factors to keep in mind:
| Factor | What to Consider |
| Scalability | Ensure the software can grow with your business, handling more currencies as needed. |
| Integrations | Check if it connects seamlessly with your existing ERP, CRM, or other systems. |
| Customizability | Make sure you can tailor reports and dashboards to fit your business needs. |
| Ease of Use | Your team should find it intuitive and easy to navigate without extensive training. |
| Budget | Consider the total cost, including hidden fees for additional users or features. |
| Security Safeguards | Verify strong encryption and compliance with regulations to protect your data. |
| Support | Look for 24/7 support options to assist your team with any issues. |
| User Feedback | Read reviews from other users to understand real-world pros and cons. |
Best Multi-Currency Accounting Software Reviews
Below are my detailed summaries of the best multi-currency accounting software on my shortlist. My reviews provide an in-depth look at each tool’s key features, pros & cons, integrations, and ideal use cases to help you find the best one.
Tipalti’s automation capabilities streamline the payment process, from invoice approval to tax compliance. It supports over 120 currencies and various payment methods, ensuring smooth international transactions.
Why I picked Tipalti: Tipalti automates every stage of the payment cycle, saving you time and reducing errors. Its features include invoice digitization, tax compliance management, and detailed payment tracking across multiple currencies. The software also offers built-in compliance checks and fraud detection tools that ensure accurate and secure transactions, along with advanced reporting and analytics for insights into financial operations.
Standout features & integrations:
Features include automated invoice processing, real-time payment tracking, and multiple payment methods, giving you flexibility in paying vendors.
Integrations include QuickBooks, Xero, Sage Intacct, Microsoft Dynamics 365, SAP, Oracle NetSuite, Slack, Bill.com, and Expensify.
Pros and cons
Pros:
- Real-time FX rates
- Centralized currency management
- Multi-entity consolidation
Cons:
- Requires a dedicated finance team
- Complex initial setup
Acumatica adapts to expanding operations, enabling businesses to handle higher transaction volumes, entities, and users. Its modular design allows users to add features like advanced financial management, inventory tracking, and CRM as the business grows.
Why I picked Acumatica: Acumatica’s Currency Management module enables your team to handle transactions in multiple currencies effortlessly. It automatically calculates realized and unrealized gains and losses, supports multiple base currencies, and consolidates reports across different currencies. Acumatica also adapts to specific financial requirements, making it ideal for businesses anticipating growth and increased complexity in their operations.
Standout features & integrations:
Features include real-time financial data access, project accounting capabilities, allowing your team to manage budgets effectively, and advanced reporting tools that give insights into various business metrics.
Integrations include Shopify, Salesforce, Avalara, Microsoft Dynamics 365, HubSpot, Smartsheet, Adobe Sign, Docusign, Magento, and Procore.
Pros and cons
Pros:
- Automatic rounding adjustments
- Multiple base currencies
- Automatic currency revaluation
Cons:
- Restrictive multi-currency journal entries
- No automated compliance checks
Blue Link ERP helps businesses optimize supply chain efficiency with powerful inventory management tools. It integrates financial and inventory data, ensuring businesses streamline purchasing, order fulfillment, and sales processes.
Why I picked Blue Link ERP: Blue Link ERP’s inventory management features include tracking stock levels in multiple locations, supporting landed cost tracking, and automating reorder processes. It also provides tools for inventory valuation in different currencies for a more accurate cost allocation and profitability analysis. Additionally, the accounting system records transactions in the appropriate currencies, such as accounts payable in the supplier’s currency, eliminating manual conversion processes.
Standout features & integrations:
Features include advanced inventory tracking to help you monitor stock levels in real-time, processing features that streamline your sales operations, and batch and expiry date tracking.
Integrations include QuickBooks, Shopify, WooCommerce, Magento, Salesforce, Amazon, eBay, UPS, FedEx, and Microsoft Excel.
Pros and cons
Pros:
- Supports landed cost calculations
- Integrates with inventory tracking
- Automates multi-currency conversions
Cons:
- Lacks compliance automation tools
- Limited advanced FX rate tools
Prismatic offers strong integration capabilities, allowing it to connect with other software, such as ERPs, CRMs, and payment platforms. Its API-first architecture and pre-built connectors enable businesses to customize integrations to meet unique business needs.
Why I picked Prismatic: Prismatic’s APIs enable integrations that connect various financial systems and operations and provide a detailed overview of your financial health. Its multi-currency capabilities can handle global transactions with real-time FX rates ensuring accurate conversions. Additionally, the platform automatically tracks foreign exchange transactions in your general ledger, helping mitigate unwanted gains and losses.
Standout features & integrations:
Features include real-time monitoring of financial transactions, which helps you maintain oversight of your finances, and automation tools that reduce manual work in currency management.
Integrations include Salesforce, QuickBooks, Oracle NetSuite, Xero, Microsoft Dynamics 365, Sage, HubSpot, Slack, Stripe, and PayPal.
Pros and cons
Pros:
- Integrated tax handling
- Custom rate configurations
- Dynamic FX updates
Cons:
- Restricted tax jurisdictions
- Slow bulk transactions
MYOB is for Australian businesses, offering tools that simplify managing international transactions while in compliance with local tax regulations. It integrates with local banking systems and provides detailed financial reporting to meet regional standards.
Why I picked MYOB: MYOB is tailored for businesses in Australia with localized tax and compliance features. The software handles multi-currency transactions, which is essential for companies dealing with international clients. It provides automated bank feeds, simplifying reconciliation tasks for your team, and also includes payroll management, ensuring compliance with local regulations.
Standout features & integrations:
Features include automated invoicing and detailed financial reporting for insights into your business performance. The software also supports inventory tracking, which helps manage stock levels efficiently.
Integrations include PayPal, Shopify, Stripe, BigCommerce, Magento, Amazon, eBay, HubSpot, Salesforce, and Microsoft Office 365.
Pros and cons
Pros:
- Real-time gain/loss tracking
- Multi-currency invoicing support
- Automated FX rate updates
Cons:
- Difficult tax code management
- Basic reporting customization
ClearBooks’ intuitive interface simplifies managing foreign transactions, allowing users to track financial data in multiple currencies without extensive accounting knowledge. It provides easy-to-understand reports and a customizable dashboard for quick access and key insights interpretation.
Why I picked ClearBooks: ClearBooks provides a user-friendly interface, tooltips, and accessible support resources to minimize the learning curve. The software’s navigation between features like invoicing, bank reconciliation, and expense tracking is intuitive, making it easy for users without extensive accounting experience to use. ClearBooks also uses XE’s daily rates or your custom rates to convert transactions back to your base currency.
Standout features & integrations:
Features include automated VAT returns, which ensure compliance with tax regulations, bank feeds that sync transactions directly to your accounts, and expense tracking, helping your team monitor costs efficiently.
Integrations include PayPal, GoCardless, Stripe, Dropbox, Receipt Bank, Mailchimp, Capsule CRM, Zoho Books, Xero, and QuickBooks.
Pros and cons
Pros:
- Daily rate updates via XE
- Easy international bank statement import
- Customizable exchange rate settings
Cons:
- Lacks compliance tracking capabilities
- Limited advanced reporting tools
Eleven is a user-friendly and scalable accounting solution for startups managing international financial operations. It supports multiple currencies with automatic exchange rate updates and is cost-effective, making it an accessible choice for budget-conscious startups.
Why I picked Eleven: Eleven simplifies currency management for startups by providing options for automatic or manual exchange rate entries, ensuring your records reflect accurate values. The software automatically calculates realized and unrealized gains and losses and generates detailed supporting entries for consistent financial reporting. Eleven also supports invoicing in various currencies for businesses with global clients.
Standout features & integrations:
Features include real-time currency conversion, customizable financial reports to suit your business needs, and invoicing features that support multiple currencies, simplifying billing for international clients.
Integrations include QuickBooks, Xero, FreshBooks, Sage, Wave, Zoho Books, Oracle NetSuite, Salesforce, Microsoft Dynamics 365, and SAP.
Pros and cons
Pros:
- Automatic gains/losses calculation
- Automatic FX rate updates
- Line-level currency selection
Cons:
- No automatic tax currency conversion
- No consolidated financial statements
Gimbla helps businesses navigate complex regulatory environments. It simplifies regulatory adherence with its audit trails, tax compliance tools, and support for international accounting standards.
Why I picked Gimbla: Gimbla incorporates compliance tracking tools, helping your team stay updated with regional regulations and ensuring transactions meet tax and reporting standards. The software utilizes real-time exchange rates from leading FX providers for accurate transaction conversions and provides clear and concise statements to aid in transparent client accounting.
Standout features & integrations:
Features include advanced audit trails that track all changes made to your financial data, customizable reporting tools, and multi-currency transactions, ensuring accurate financial records across borders.
Integrations include QuickBooks, Xero, Sage, FreshBooks, Zoho Books, Oracle NetSuite, Microsoft Excel, Google Sheets, Expensify, and Salesforce.
Pros and cons
Pros:
- Compliance tracking for regulations
- Multi-currency bank account setup
- Real-time FX rate updates
Cons:
- Limited accrual accounting features
- No built-in audit trail enhancements
Accounting Seed is built natively on Salesforce, allowing users to leverage Salesforce’s powerful features to manage financial processes efficiently. This integration enables businesses to customize and manage financial workflows while maintaining a fully integrated ecosystem.
Why I picked Accounting Seed: Accounting Seed handles transactions in currencies different from your ledger's local currency, facilitating international operations. The software allows you to configure multiple business entities, each with its base currency, and consolidate financial data across these entities. Its integration with Salesforce also helps to centralize your CRM and accounting function, while its multi-dimensional chart of accounts enables you to tag transactions with various dimensions.
Standout features & integrations:
Features include flexible reporting that lets your team customize financial statements, project accounting, which helps track project costs and profitability, and automated billing to help reduce manual data entry.
Integrations include Salesforce, Avalara, ADP, Stripe, PayPal, Expensify, QuickBooks, Docusign, Concur, and Bill.com.
Pros and cons
Pros:
- Flexible multi-currency journals
- Supports unique ledger currencies
- Multi-entity currency consolidation
Cons:
- No automated tax currency conversion
- Complex initial setup process
iplicit provides advanced tax features, ensuring compliance with local and international tax regulations. It automates calculations and generates detailed tax reports, helping businesses accurately manage tax liabilities across regions.
Why I picked iplicit: iplicitseparates taxes by jurisdiction, simplifying the submission of localized returns and ensuring compliance with country-specific tax rules, including partial VAT management. It provides automated tax calculations, tracks multi-jurisdictional operations, and streamlines consolidation for reporting. Additionally, iplicit allows your team to process transactions in different currencies for accurate conversions.
Standout features & integrations:
Features include advanced financial consolidation, which simplifies managing multiple business units, automated tax calculations to reduce errors in compliance, and real-time financial reporting.
Integrations include Microsoft Office 365, Salesforce, Sage, QuickBooks, Xero, HubSpot, Expensify, PayPal, Stripe, and Docusign.
Pros and cons
Pros:
- Handles localized tax submissions
- Automates partial VAT calculations
- Supports multi-jurisdictional tax rules
Cons:
- No advanced audit functionalities
- No built-in expense allocations
Other Multi-Currency Accounting Software
Here are some additional multi-currency accounting software options that didn’t make it onto my shortlist, but are still worth checking out:
- Xero
For small businesses
- Workday
For HR integration
- Mural
For payment processing
- NetSuite Cloud Accounting Software
For large enterprises
- Sage Accounting
For freelancers
- QuickBooks
For small business management
Multi-Currency Accounting Software Selection Criteria
When selecting the best multi-currency accounting software to include in this list, I considered common buyer needs and pain points like managing fluctuating exchange rates and ensuring compliance with international financial regulations. I also used the following framework to keep my evaluation structured and fair:
Core Functionality (25% of total score)
To be considered for inclusion in this list, each solution had to fulfill these common use cases:
- Convert currencies automatically
- Handle international invoicing
- Provide multi-currency exchange reporting
- Support global tax compliance
- Manage international business transactions
Additional Standout Features (25% of total score)
To help further narrow down the competition, I also looked for unique features, such as:
- Real-time currency updates
- Customizable financial dashboards
- AI-driven financial insights
- Blockchain-based transaction tracking
- Multi-language support
Usability (10% of total score)
To get a sense of the usability of each system, I considered the following:
- Intuitive user interface
- Simple navigation
- Minimal learning curve
- Clear and concise instructions
- Aesthetic design appeal
- Cloud-based and on-premise options
Onboarding (10% of total score)
To evaluate the onboarding experience for each platform, I considered the following:
- Availability of training videos
- Interactive product tours
- Access to onboarding webinars
- On-demand support chatbots
- Ready-to-use templates
Customer Support (10% of total score)
To assess each software provider’s customer support services, I considered the following:
- 24/7 support availability
- Multi-channel support options
- Quick response times
- Availability of help centers
- Personalized support services
Value For Money (10% of total score)
To evaluate the value for money of each platform, I considered the following:
- Competitive pricing
- Transparent cost structure
- Feature set relative to cost
- Availability of free trials
- Discounts for annual subscriptions
Customer Reviews (10% of total score)
To get a sense of overall customer satisfaction, I considered the following when reading customer reviews:
- Overall satisfaction ratings
- Commonly mentioned pros and cons
- Frequency of updates and improvements
- Reliability and performance feedback
- Customer service experiences
Trends In Multi-Currency Accounting Software
In my research, I sourced countless product updates, press releases, and release logs from different multi-currency accounting software vendors. Here are some of the emerging trends I’m keeping an eye on:
- Blockchain Integration: Vendors are starting to use blockchain for secure transaction tracking as it provides enhanced transparency, security, and immutability. This helps to streamline real-time tracking of transactions, reduce the risk of fraud, and ensure compliance with global financial regulations.
- AI-Driven Insights: AI is being used to provide predictive analytics and financial forecasting as it helps businesses make better decisions by anticipating market trends and currency fluctuations.
- Cryptocurrency Support: More tools are adding support for cryptocurrencies, allowing businesses to handle transactions in digital currencies. This accommodates the growing interest in using cryptocurrencies for business.
- Sustainability Reporting: Some software now includes features for tracking and reporting sustainability metrics. As more companies focus on ESG criteria, this functionality becomes more relevant.
- Advanced Compliance Tools: Enhanced compliance features are being developed to meet international financial regulations. Vendors are now focusing on making it easier for businesses to stay compliant with varying regional laws.
What Is Multi-Currency Accounting Software?
Multi-currency accounting software helps businesses manage financial transactions in multiple currencies. It's often used by accountants, financial managers, and business owners to handle international transactions and maintain accurate financial records.
This type of tool generally include key features, such as real-time currency conversion, compliance tracking, and automated invoicing for managing cross-border transactions and staying compliant with international regulations. Overall, these tools simplify multiple currencies complexities, providing clarity and accuracy in financial operations.
Features of Multi-Currency Accounting Software
When selecting multi-currency accounting software, keep an eye out for the following key features:
- Real-Time Currency Conversion: Automatically updates exchange rates, ensuring your financial data is always accurate.
- Automated Invoicing: Generates and sends invoices in multiple currencies, reducing manual workload and errors.
- Compliance Tracking: Helps ensure your business adheres to international financial regulations, minimizing risk.
- Predictive Analytics: Uses AI to forecast financial trends, aiding in strategic decision-making.
- Cryptocurrency Support: Allows handling of digital currency transactions, catering to modern business needs.
- Blockchain Integration: Provides secure transaction tracking, enhancing transparency and traceability.
- Customizable Reporting: Offers tailored financial reports, giving insights into specific business metrics.
- Inventory Management: Tracks stock levels across borders, supporting businesses with international operations.
- Multi-Language Support: Facilitates global communication, ensuring ease of use for international teams.
- Sustainability Reporting: Tracks environmental metrics, aligning with growing corporate social responsibility efforts.
Benefits of Multi-Currency Accounting Software
Implementing multi-currency accounting software provides several benefits for your team and your business. Here are a few you can look forward to:
- Improved Accuracy: Real-time currency conversion and automated invoicing reduce manual errors in financial data.
- Enhanced Compliance: Compliance tracking ensures your business meets international financial regulations, lowering risk.
- Efficient Operations: Automated processes like invoicing and reporting save your team time and effort.
- Better Decision-Making: Predictive analytics and customizable reporting provide insights that aid strategic planning.
- Broader Payment Options: Cryptocurrency support allows digital currency transactions, catering to diverse business needs.
- Increased Transparency: Blockchain integration offers secure and traceable transaction records, boosting trust.
- Global Reach: Multi-language support facilitates communication with international teams, expanding business opportunities.
Costs and Pricing of Multi-Currency Accounting Software
Selecting multi-currency accounting software requires understanding the various pricing models and plans available. Costs vary based on features, team size, add-ons, and more. The table below summarizes common plans, their average prices, and typical features included in multi-currency accounting software solutions:
Plan Comparison Table for Multi-Currency Accounting Software
| Plan Type | Average Price | Common Features |
| Free Plan | $0 | Limited currency support, basic invoicing, and simple reporting. |
| Personal Plan | $5-$25/user/month | Multi-currency support, automated invoicing, and basic reporting features. |
| Business Plan | $30-$75/user/month | Advanced reporting, compliance tracking, and integration options. |
| Enterprise Plan | $100-$250/user/month | Customizable dashboards, AI-driven insights, and dedicated support. |
Multi-Currency Accounting Software FAQs
Here are some answers to common questions about multi-currency accounting software:
Why is accounting so difficult when multiple currencies are involved?
Handling multiple currencies can be complex due to fluctuating exchange rates. These fluctuations impact your revenue and expenses, making it hard to maintain consistent financial records. Exchange rates can change due to economic conditions, requiring constant attention to ensure accurate reporting.
How can multi-currency accounting software aid in financial planning?
These tools provide real-time data and predictive analytics, helping you forecast financial trends. They offer insights into currency impacts on your business, aiding strategic planning. By automating currency conversions, they reduce manual errors, giving you more reliable financial data.
How can multi-currency accounting software aid in financial planning?
These tools provide real-time data and predictive analytics, helping you forecast financial trends. They offer insights into currency impacts on your business, aiding strategic planning. By automating currency conversions, they reduce manual errors, giving you more reliable financial data.
Does multi-currency accounting software generate invoices in different currencies?
Yes, multi-currency accounting software typically allows you to create and send invoices in your customer’s preferred currency. It will also automatically convert the amounts into your base currency for internal records.
Does multi-currency software handle tax compliance in different countries?
Some multi-currency accounting software includes features for international tax compliance. It can calculate VAT, GST, or other taxes based on the transaction’s location. However, you should verify that the software supports the specific regions where you operate.
How do multi-currency accounting software manage currency gains and losses?
Multi-currency accounting software tracks currency gains and losses by comparing the exchange rate at the time of the transaction to the rate at the time of settlement. This ensures your financial statements accurately reflect these adjustments. Some tools even include reports to help you monitor these fluctuations.
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