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When we launched Zoho Invoice last year it was one of the few affordable online invoicing services to support multiple currencies. However, there were some limitations and we have been pleasantly surprised by the number of users seeking improvements. This upgrade addresses these limitations to a large extent. So let’s quickly get down to the details:

Currency decimal places – It’s configurable!

Prior to the upgrade, irrespective of the currency in which you operate the amounts were rounded to two decimal places. This doesn’t go well with customers in a few countries. Let me give you an example of Japanese Yen (JPY) that does not  have decimal places. Previously, when you raise an invoice totaling 100 Yen, the amount would appear as 100.00 in the invoice. Japanese customers tend to confuse 100.00 with 10000 Yen.
 
With this upgrade, you can configure the decimal places for JPY to 0 so that the .00 after 100 would no longer rear its ugly head. I am sure our friends in Japan will like this feature. We also hope our beloved customers in the Middle East and elsewhere who operate in currencies with 3 decimals will benefit.

Quantity Decimal Places –  Precision Personified

Zoho Invoice now supports six decimals places for quantity on an invoice. All amounts in the invoice will be formatted to display up to the decimal places you have specified. If you are a telecommunication company who calculates customer calls in minutes to the 4th decimal or any other business not happy with the restriction of 2 decimals, you can try out Zoho Invoice now – the quantity decimal places should no longer be a deal breaker. With this, your invoices should look more accurate and better.

Invoice Creation – Service/Item Prices in Foreign Currency

We have also made changes to the way the item prices are shown while creating/editing invoices in foreign currency. Henceforth, if the  invoice currency is different from your base currency item prices will be displayed in the invoice currency even while creating/editing the invoice. Previously, while creating invoices the item price were shown in base currency even though while viewing or sending the invoice they get converted to the invoice(foreign) currency. The amounts in invoice currency are calculated based on the exchange rate that you enter.

This upgrade lays the foundation for more exciting things to come from Zoho Invoice. We are in the midst of  a hot Indian summer and one way to beat the heat is by delivering some cool stuff for our customers. Stay tuned.

  1. Prateek

    Where is NEPAL in your Add Currency settings??? Did you forget the Country itself?

    • Prashant

      Hi Prateek,

      Nepal is listed and the currency code is NPR.

      Regards
      Prashant

  2. Dušan

    Hell All,
    I dont see currency setting in setup (i dont see settings link).
    Its existing any way to use multicrrencies in year 2011?

  3. Dušan

    Hell All,
    I dont see currency setting in setup (i dont see settings link).
    Its existing any way to use multicrrencies in year 2011?

  4. Prashant

    Hello Jha Vidhi,To create an invoice in your customer(foreign) currency, you need to1) Add the customer currencyTo add a currency,i). Go to the ‘settings’ link on the top corner of page.
    ii). Go to the ‘currency settings’ on the left sidebar of this page. This opens the ‘Currency Settings’page.
    iii). Click on ‘Add New Currency’ link to enter the customer currency details.2) Assign the currency to your customer.To do this,i) Go to the ‘Customers’ tab
    ii) Click on the ‘New Customer’ button on top of the left sidebar. This opens the ‘Add New Customer’ screen.
    iii) Assign the currency ‘Currency Code’ field and save the details3) Creating the invoiceCreating a foreign currency invoice is similar to that of local currency. You just need to enter the appropriate exchange rate in the ‘Exchange Rate’
    field.For more clarifications contact us at support at zohocorp dot comRegards
    Prashant

  5. Prashant

    Hello Jha Vidhi,To create an invoice in your customer(foreign) currency, you need to1) Add the customer currencyTo add a currency,i). Go to the ‘settings’ link on the top corner of page.
    ii). Go to the ‘currency settings’ on the left sidebar of this page. This opens the ‘Currency Settings’page.
    iii). Click on ‘Add New Currency’ link to enter the customer currency details.2) Assign the currency to your customer.To do this,i) Go to the ‘Customers’ tab
    ii) Click on the ‘New Customer’ button on top of the left sidebar. This opens the ‘Add New Customer’ screen.
    iii) Assign the currency ‘Currency Code’ field and save the details3) Creating the invoiceCreating a foreign currency invoice is similar to that of local currency. You just need to enter the appropriate exchange rate in the ‘Exchange Rate’
    field.For more clarifications contact us at support at zohocorp dot comRegards
    Prashant

  6. jha.vidhi@gmail.com

    how do we creat teh invoice in customer currency when it is not the same as our base currency. please help.

  7. jha.vidhi@gmail.com

    how do we creat teh invoice in customer currency when it is not the same as our base currency. please help.

  8. Nagendra

    Hi Henry,Zoho Invoice already supports decimal separators. Please follow the steps below to configure this option -1. Log into Zoho Invoice.
    2. Click on “Settings” on the top of the page.
    3. Click on “Currency Settings” under “Company Settings” on the left side panel.
    4. Click on “Format” field to choose your decimal separator.
    5. Click on “Save”.Hope this helps. Please get back to us for further assistance.Regards
    Nagendra

  9. Nagendra

    Hi Henry,Zoho Invoice already supports decimal separators. Please follow the steps below to configure this option -1. Log into Zoho Invoice.
    2. Click on “Settings” on the top of the page.
    3. Click on “Currency Settings” under “Company Settings” on the left side panel.
    4. Click on “Format” field to choose your decimal separator.
    5. Click on “Save”.Hope this helps. Please get back to us for further assistance.Regards
    Nagendra

  10. henry.andersen

    Hope to see “,” as decimal separator shortly as well. This is crucial for European clients, and users.

  11. henry.andersen

    Hope to see “,” as decimal separator shortly as well. This is crucial for European clients, and users.

  12. Nagendra

    Hello,We are working on the multi user feature and hope to release it within 2-3 months. Stay tuned for the updates.Regards
    Nagendra – Zoho Invoice

  13. Nagendra

    Hello,We are working on the multi user feature and hope to release it within 2-3 months. Stay tuned for the updates.Regards
    Nagendra – Zoho Invoice

  14. Adrian

    I agree with MDO… the multi-user functionality is a huge thing, but I’m pleased to see these updates. The multi-currency capability is probably the main reason I opted to use Zoho vs. Freshbooks. Really like the product so keep up the good work. One more thing… when invoices are sent thru email, we need some sort of audit trail including reference to attached files… kind of like a sent mail folder function.

  15. Adrian

    I agree with MDO… the multi-user functionality is a huge thing, but I’m pleased to see these updates. The multi-currency capability is probably the main reason I opted to use Zoho vs. Freshbooks. Really like the product so keep up the good work. One more thing… when invoices are sent thru email, we need some sort of audit trail including reference to attached files… kind of like a sent mail folder function.

  16. MDO Tecnología

    nice feature, but we still waitting for multi-user’s funtionality, it sounds crazy all our employeers using the same account.

  17. MDO Tecnología

    nice feature, but we still waitting for multi-user’s funtionality, it sounds crazy all our employeers using the same account.