Currency settings apply to all extraction types:
AP Bills
AR Invoices
Bank Statements
Direct Expenses
Single vs. Multi-Currency
Single Currency (Default)
One home currency applies to all extraction types.
The currency dropdown shows only this currency.
Recommended if all transactions are in a single currency.
Multi-Currency
You can add multiple currencies to the dropdown.
Enables foreign currency selection during extraction.
Bank Statements
You can assign a different currency for each line item.
If a line item has no currency selected, it defaults to the home currency upon export.
AP Bills, AR Invoices, Direct Expenses:
You can select either the home currency or one foreign currency per extraction.
Multiple currencies cannot be mixed within a single extraction (except Bank Statements).
💡 Switching back to Single Currency
If you want to return to Single Currency mode:
Only one currency must remain active.
Archive all other currencies first.
Multi-Currency cannot be disabled once foreign currencies have been used in extractions.
Tip: Enable Multi-Currency only if your extractions contain multiple currencies.
Integrated vs Non-Integrated Entities
Integrated entities: Enable Multi-Currency in your accounting software (e.g., Xero, QuickBooks Online). Tofu will reflect it automatically.
Non-integrated entities: Enable Multi-Currency under Entity Settings → Features → Accounting.
How to Add Currencies
Go to Entity Settings → Accounting → Currencies.
Click Add.
Select one or multiple currencies.
Click Add Selected.
Only add currencies that are actually used to keep dropdowns clean and review efficient.
Important Notes
Bank Statements: Line-item currencies available in Multi-Currency mode. Defaults to home currency if no line-item currency is selected.
Other Extractions (AP, AR, DE): Only home or one foreign currency can be selected.
Single Currency: Home currency can be switched if Multi-Currency is disabled; archive the old currency first.
Multi-Currency: Cannot be disabled once any foreign currency is in use.