How to record purchases in a foreign currency
Web
Updated Aug 2026
Importing stock means buying in a supplier’s currency while your books run in yours. RushFlow records a foreign-currency purchase in both the foreign amount and your base currency at the exchange rate, so your stock cost is right and the supplier ledger reflects what you actually owe — without a spreadsheet of conversions.
Step by step
- Record the purchase in the foreign currencyWeb: on Create Purchase, choose the supplier’s currency and enter the amounts as invoiced.
- Set the exchange rateEnter the rate; RushFlow converts to your base currency for stock cost and the accounts.
- Track what you oweThe supplier ledger holds the foreign-currency payable, so paying it later settles the right amount.
Where to find it
Web: the Create Purchase screen, currency field.
Recording both the foreign and base amounts is what keeps import costs and the supplier balance honest as rates move.
Frequently asked questions
Can I buy from an overseas supplier in their currency?
Yes. Record the purchase in the foreign currency with an exchange rate; RushFlow keeps both the foreign amount and your base-currency cost, and the supplier ledger reflects what you owe.
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