Before you start
- You have contractors set up with different currency preferences
- Exchange rates are configured in your workspace
- You have payment accounts for each currency
1
Step 1 of 5
Configure supported currencies
- 1Go to Settings > Currencies
- 2Enable the currencies you need (EUR, GBP, USD, etc.)
- 3Set default exchange rate sources
- 4Configure automatic rate updates or manual rate entry
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Step 2 of 5
Create currency-specific payments
- 1When creating a payment batch, select the payout currency
- 2Filter invoices by contractor currency to group them
- 3Or create separate payment batches for each currency
- 4The system will automatically group by currency if you select 'Multi-currency' option
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Step 3 of 5
Review currency groupings
- 1Check that contractors are grouped correctly by currency
- 2Verify exchange rates are applied correctly if converting amounts
- 3Review total amounts in each currency
- 4Ensure each currency group has a valid payment account
4
Step 4 of 5
Generate multi-currency export files
- 1Select the appropriate bank format for each currency group
- 2Generate separate export files for each currency
- 3For SEPA (EUR), select 'SEPA XML' format
- 4For UK (GBP), select 'FASTER' format
- 5For US (USD), select 'ACH' format
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Step 5 of 5
Submit to multiple banks
- 1Download each currency-specific export file
- 2Submit EUR file to your European bank
- 3Submit GBP file to your UK bank
- 4Submit USD file to your US bank
- 5Keep track of submission status for each currency group