Companies that do business online are in a unique position. Our products are available to anyone in the world with virtually no cost of transport. Unfortunately, while our distribution system is global, our payment systems are not. Inevitably, when you start doing business outside the borders of your home country, you need to start dealing with money in multiple currencies.

Troove fully supports the ability to deal with multiple currencies across the board. You can invoice one company in euros, pay a bill in pounds sterling and keep track of your local expenses in dollars.

We pull spot exchange rates from Exchange Rate API and use these to ensure your profit and loss reports accurately indicate the gains and losses incurred by the ebb and flow of the money markets.

Transaction accounts such as accounts receivable fully support multiple currencies and will quietly keep balance when you invoice international customers in their own local currencies.

Accounting for transactions across currencies can be a bit of a hairy problem, but Troove has been built to mitigate some of the pain.