Foreign Currency Conversion

Before SyncTools can properly convert foreign currencies from your Shopify store to your home currency in Xero, you need to enable and configure multicurrency features in Xero.

This guide walks you through the necessary steps to prepare your Xero account for seamless integration with SyncTools.

Please Note: The conversion to your home currency happens in your accounting software.

Step 1: Access Settings

In the top right corner, click on company name

Xero accounting dashboard for Demo_Tech showing business bank account setup and invoices owed summary with import options

Click on your company name and then choose ‘Settings’

Step 2: Navigate to Currencies in Settings

On the settings screen, click on ‘Currencies’ in the General section Xero general settings page with currencies option highlighted showing organization setup menu for business configuration

Then click on ‘Add Currency’

Xero currencies settings page showing Add Currency button highlighted with exchange rates date selector for March 25, 2019

Example: How Currency Conversion Works

Let’s say you sell a product for €100 EUR, and your home currency is USD:

Shopify processes the payment and converts it to $110 USD
SyncTools retrieves both the original amount (€100) and the converted amount ($110)
SyncTools creates an entry in QuickBooks showing:
```
Revenue of $110 USD
```