Online Accounting Blog

API updates for Multi Currency

Written by Kaz | February 22, 2010 | 3 Comments

We have taken the capablity of the API one step further by introducing Multi Currency transaction support. This enables our users to create and update foreign currency transactions(invoices and payments) directly in Saasu using the API. Users can choose to set the FX rate when they post the transaction, or choose to let Saasu set the FX rate automatically. Let’s take a common example where an ecommerce user is posting an USD invoice issued to a customer into Saasu. In this example, the user is setting the FX rate manually. 

.....
<insertInvoice>
<invoice uid="0">
<transactionType>S</transactionType>
<date>2010-02-19</date>
<ccy>USD</ccy>
<autoPopulateFxRate>false</autoPopulateFxRate>
<fcToBcFxRate>1.137640930</fcToBcFxRate>
<layout>S</layout>
<status>I</status>
.....

If the user let Saasu set the FX rate for the transaction, then the above would change to;

<ccy>USD</ccy>
<autoPopulateFxRate>true</autoPopulateFxRate>

That’s all you have to do to start using the API for Multi Currency transactions. Quite simple isn’t it? The API POST and GET documentation have been updated to reflect the new changes.

3 Comments »

  1. [...] API updates for Multi Currency [...]

    Pingback by Online Accounting Product Blog » Journals API — May 13, 2010 @ 3:27 pm

  2. Saasu has failed to accomadate us with a correct conversion system. When accounting at the end of the week for our sales. We have to manually do a bulk conversion from US to Aussi dollars. This causes an inaccurate total as the conversion happens on a daily bases. We have brought this issue up before without any response or update to our system. What gives?

    Please advise….

    Sincerely

    Georgie Germano
    Administration Manager

    Comment by Amazing Enterprises — June 16, 2010 @ 12:28 am

  3. @Georgie, We checked ticketing system and inbound email and don’t have any record of a question sorry. If you can forward the original sent email to service at saasu.com we’ll respond in detail. Note that you can choose the fx rate of your liking, you don’t have to take our XE feed but what we can’t support is booking a foreign currency transaction without any foreign currency rate. i.e. you can’t book it today but without an fx rate and wait til the end of the week. Saasu needs a rate of some description to capture the transaction. Hope that explains it.

    Comment by Marc — June 16, 2010 @ 3:47 pm

RSS feed for comments on this post. TrackBack URL

Leave a comment