Question:

• Can I set exchange rate for currency in Clio?
• Currency conversion
• Can I record funds in a different currency?

Environment:

• Clio Manage

Additional Information:

• n/a

Answer:

Clio does not support currency conversion. However, there are some manual workarounds within Clio when working with other currencies. 

Billing

If you are changing the currency on a Bill, you can either:

• Add a line item or
• An invoice discount to account for the different currency

Recording Transactions

When recording a Transaction, such as a payment, there are fields for Currency and Exchange Rate where you can manually input the current exchange rate. These fields are for reference only - the total received should already be converted when you enter it into Clio. 

For example, if you have received $1.00 USD from a client with a CAD-USD exchange rate of 0.75, enter the total payment received as $1.34 CAD.