How do I change the base currency of my organization?

To change the base currency, you will have to verify the following:

1. Delete all the records created in Zoho Books.
Access each of the modules under which the transactions have been recorded and delete them manually. Make sure you take a backup of the data in your organization before deleting it.

2. Delete all the custom accounts created from your Chart of Accounts.

To delete the custom accounts,

  • Navigate to Chart of Accounts under Accountant in the left sidebar.
  • From the All Accounts dropdown, click New Custom View.
  • Define the criteria as Is System Accounts is False. Once done, you can bulk select all the custom accounts and click the Delete icon to delete them.

3. Ensure to delete the Opening Balances in the organization.

You can go to the Opening Balance screen from Settings and delete the opening balance from there.

Once the above conditions are verified, you can follow the steps provided below to change the base currency.

  • Go to Settings in the top right corner of the page.
  • Select Currencies under Organization.
  • Hover over the Base Currency.
  • Click the option Change base currency.
  • Choose the preferred currency from the drop-down and click Save.

If you have removed all the data listed there and yet the base currency remains unchanged, check if:

  • Budgets have been created, and
  • The account is active in Zoho Expense (for organizations integrated with Zoho Expense).

Note: You can change your base currency only if your organization is in the Global edition.

Was this document helpful?
Thank you for your feedback!
Want a feature?

Switch to smart accounting software. Switch to Zoho Books.   Start my free 14-day trial Explore Demo Account


Online accounting software
for small businesses.