Currency details

Home currency and invoice currency

In the Invoicing, all amounts are expressed in the invoice currency and the home currency. The amounts in the invoice currency are calculated and also converted to the home currency.

Calculation:

Amount in home currency =  Rate * (Amount in invoice currency / Rate factor)
Note
  • In most cases, the amounts in the home currency are calculated when the invoice is created.
  • If the transaction currency and the home currency are the same, no exchange rate is applied. LN copies the transaction amount to the home currency amount.
Rate

LN converts amounts from the invoice currency to the home currencies based on the currency rate that is valid according to the rate determiner that applies to the invoice.

The rate determiner can have the following values:

  • Document Date
  • Manually Entered

You can modify the rates between the transaction currency and all the three home currencies. If the invoice currency is the same as the home currency, you cannot modify the rate for that currency.

Rate factor

The factor by which the amount in the transaction currency or the invoice currency is divided before LN converts it to a home currency. A rate factor is often used for currencies that have a relatively low price, for example, Korean Won.

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