---
title: "Multi-Currency Accounting in Wrapbook (PAS)"
slug: "multi-currency-accounting-in-wrapbook"
updated: 2026-07-07T19:07:24Z
published: 2026-07-07T19:07:24Z
canonical: "help.wrapbook.com/multi-currency-accounting-in-wrapbook"
stale: true
---

> ## Documentation Index
> Fetch the complete documentation index at: https://help.wrapbook.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Multi-Currency Accounting in Wrapbook (PAS)

> [!NOTE]
> Access to multi-currency project settings is permission based
> 
> To access multi-currency project settings, your account must have one of the following roles enabled:
> 
> - Role: *Company Admin, Accountant*
> - Custom role with: *Accounting & Cost Tracking* / *Project settings* - *Currencies*: *Full access*

## Overview

With Wrapbook’s [Production Accounting Suite (PAS)](https://help.wrapbook.com/docs/about-production-accounting), you can use multi-currency accounting to track, manage, and report on financial transactions in various currencies within a single project. This feature enables accurate recording of expenses in their native currencies while providing the ability to generate consolidated reports in a currency of your choice.

## Where multiple currencies can be used in Wrapbook

When you [add multiple currencies to a project](/v1/docs/multi-currency-accounting-in-wrapbook#add-a-currency-to-a-project) in Wrapbook, it will appear in the following places:

### During project setup

- [Currency management](/v1/docs/multi-currency-accounting-in-wrapbook#add-a-currency-to-a-project)- Select the currencies used in the project’s settings
- [Bank accounts](/v1/docs/multi-currency-accounting-in-wrapbook#add-a-foreign-bank-account-to-a-project) ***-*** Assign a currency to each bank account
- [Budget tracker](/v1/docs/multi-currency-accounting-in-wrapbook#select-the-currency-used-in-your-budgetefc) **-** Associate a currency with each imported budget

### On accounting dashboards

When managing POs, AP invoices, and JEs, you’ll be able to select the currency type for transactions.

- Look for the currency selector in the transaction header
- Select the appropriate currency from the dropdown menu. The system will remember your last used currency for subsequent transactions.
- Enter amounts in the selected currency
- Complete the transaction as normal

When viewing transactions:

- The currency code will display next to the transaction amount
- Use the currency filter to view transactions in specific currencies

### In accounting reports and data exports

When generating reports and data exports with multi-currency data, the report filter options, will include a *Currency* section with these options:

- **Display Currency**: Select which currency to display the report in
- **Include Transactions**: Choose to include only transactions in the selected currency, or transactions from multiple currencies (converted to the display currency)
- **Use Exchange Rate**: Select whether to use the current or budgeted exchange rate for conversions
- When you generate the report, the currency type being used will display in the report header

Multiple currencies can be included in the following Wrapbook reports and data exports:

- [Cost Report](https://help.wrapbook.com/docs/cost-reports-pas) **-** Generate in native or converted currencies
- [Trial balance](https://help.wrapbook.com/docs/trial-balance-reports-pas) **-** View in selected currencies
- [General ledger](https://help.wrapbook.com/docs/general-ledger-reports-pas) **-** Filter by and convert between currencies
- [AP Invoice summary & detail exports](https://help.wrapbook.com/docs/accounts-payable-ap-invoices-reports-pas)
- [Journal Entry summary & detail exports](https://help.wrapbook.com/docs/journal-entry-exports-pas)
- [Purchase Order summary & detail exports](https://help.wrapbook.com/docs/export-purchase-orders-pas)
- [Posting (pre & post export)](https://help.wrapbook.com/docs/journal-entry-exports-pas)

## Best practices for managing projects that use multiple currencies

- Set up all currencies at the beginning of your project when possible
- Assign the correct currency to bank accounts during initial setup
- Document exchange rates used when funds are transferred to foreign bank accounts
- When generating reports, be clear about which exchange rate (current or budgeted) you're using

## Access a project’s currency settings

To see the currency settings for a project:

1. In the left-side navigation, click the dropdown menu and select the project
2. In the left-side navigation, click **Project settings**
3. Under *PROJECT SETTINGS*, click **Accounting**
4. On the *Accounting* page, click the **Manage** button next to *Currency management*
5. On the *Currency management* page, the US Dollar (USD) is pre-configured as the base currency with an exchange rate of 1.0. If your project will only use USD, no further action is needed.

## Add a currency to a project

If production accounting for your project requires multiple currencies, you can add them at the project level.

**Note:** The currency must be configured in project settings before it can be selected when adding a foreign bank account.

1. On the [*Currency management page*](/v1/docs/multi-currency-accounting-in-wrapbook#access-a-projects-currency-settings) in the *Project settings*, click the **+ Add currency** button
2. Click the *Currency* field to open the dropdown menu and make your selection
3. Click the rest of the fields to enter the required information:
  - *Current rate* - The rate used when consolidating currencies within a single report
  - *Budgeted rate* - The rate used when creating your budget
  - *Budgeted date* - The date that the *Budgeted rate* was determined
  - *Reporting decimals* - How many decimal places to display during transaction entry. By default, 2 will be entered, but you can adjust this as needed for your accounting purposes
4. Click the **Save** button

![Currency management interface displaying base currency and options to add additional currencies.](https://cdn.us.document360.io/67f3ef76-1568-46b4-8047-4792fc3a99ce/Images/Documentation/Untitled - 2025-09-08T141025.418.png)

Click the **+ Add currency button**

![User interface for adding a new currency with highlighted options and input fields.](https://cdn.us.document360.io/67f3ef76-1568-46b4-8047-4792fc3a99ce/Images/Documentation/Untitled - 2025-09-08T141345.153.png)

*Click the* ***Currency*** *field and select the currency that you want to add from the dropdown menu*

![Form fields for adding a new currency with current and budgeted rates.](https://cdn.us.document360.io/67f3ef76-1568-46b4-8047-4792fc3a99ce/Images/Documentation/Untitled - 2025-09-08T141644.292.png)

*Click to complete the required fields, and then click the* ***Save*** *button*

### Update the currency exchange rate

If you receive additional project funds at a new exchange rate:

1. Go to the project’s [*Currency management settings*](/v1/docs/multi-currency-accounting-in-wrapbook#access-a-projects-currency-settings)
2. Click the **Edit** button next to the currency you need to update
3. If applicable, click the *Current rate* field and enter the updated rate
4. Click the **Save** button

## Add a foreign bank account to a project

If your project receives funds in a currency other than USD, you can add the bank issuing the funds to the project’s to the project’s settings for record-keeping purposes.

1. In the left-side navigation, click the dropdown menu and select the project
2. In the left-side navigation, click **Project settings**
3. Under *PROJECT SETTINGS*, click **Accounting**
4. On the *Accounting* page, click the **Manage** button next to *Bank accounts*
5. On the Bank accounts page, click the **+ Add bank** button
6. On the *Add bank account* page:
  - Click to choose **Checking/savings**
  - Enter the *Bank name*
  - Click the *Currency* dropdown menu to select the currency type.
    - Note: You’ll need to [add the currency type to the project settings](/v1/docs/multi-currency-accounting-in-wrapbook#add-a-currency-to-a-project) before you can select it while adding a bank account.
  - Enter the *Account* and *Routing* numbers. The remaining info on the page is optional.
7. When you’re finished, click the **Save** button

![List of bank accounts with details and an option to add a new bank account.](https://cdn.us.document360.io/67f3ef76-1568-46b4-8047-4792fc3a99ce/Images/Documentation/Untitled - 2025-09-08T141948.086.png)

*Click the* ***+ Add bank*** *button*

![Form to add a bank account with fields for bank name, account number, and routing number.](https://cdn.us.document360.io/67f3ef76-1568-46b4-8047-4792fc3a99ce/Images/Documentation/Untitled - 2025-09-08T142104.889.png)

*Click to choose* ***Checking/savings****, then enter the Bank name. Click the Currency dropdown menu to select the currency type, and then enter the Account and Routing numbers.*

## Select the currency used in your Budget/EFC

In order to select a currency other than USD when importing a budget, it must first be added to the [project’s accounting settings](/v1/docs/multi-currency-accounting-in-wrapbook#access-a-projects-currency-settings).

When [importing a budget](https://help.wrapbook.com/docs/import-a-project-budget) you can configure the currency used as follows:

- In the *Import & Overwrite budget* popup click the **Currency** dropdown menu and select the currency that you want to apply to the budget

![Budget management interface displaying budget details and options for creating budgets.](https://cdn.us.document360.io/67f3ef76-1568-46b4-8047-4792fc3a99ce/Images/Documentation/Untitled - 2025-08-27T133326.092.png)

*Click the* ***Create budget*** *button and then select* ***Import Movie Magic XML file***

![Import budget settings with options for currency selection and file upload.](https://cdn.us.document360.io/67f3ef76-1568-46b4-8047-4792fc3a99ce/Images/Documentation/Untitled - 2025-08-27T145612.583.png)

*Under All locations, click to select the currency*

To update the currency on a budget that’s already been added to a project:

1. On the [Budget/EFC dashboard](https://help.wrapbook.com/docs/budget-efc-dashboard-pas), click the three dots next to the budget you that want to update, and select **Edit budget settings**
2. In the *Edit budget settings* popup, click the dropdown menu under Currency and select the currency type
3. When you’re ready, click the **Update** button

![Budget management interface displaying episodes, import dates, and editing options for budgets.](https://cdn.us.document360.io/67f3ef76-1568-46b4-8047-4792fc3a99ce/Images/Documentation/Untitled - 2025-09-08T142620.950.png)

*Click the three dots and select* ***Edit budget settings***

![Editing budget settings with options for name, location, and currency selection.](https://cdn.us.document360.io/67f3ef76-1568-46b4-8047-4792fc3a99ce/Images/Documentation/Untitled - 2025-08-27T155050.172.png)

*Click the dropdown menu under Currency, and make your selection. When you’re ready, click the* ***Update*** *button.*

(Accounts Payable) Cash disbursements through the payment of vendor invoices and other payables