These settings control how payments are made, including whether amounts are converted and what bank account formats are accepted.
What multi-currency is used for
Multi-currency settings determine:
Which currencies your company supports
Whether payments are converted before being made
What bank account formats are accepted (local or international)
These settings directly affect how dividend payments are processed.
Add a currency to your company
Before a currency can be used, you’ll need to add it:
Go to Administration
Select Multi-currency
Click Add currency
Set up a currency
When adding a currency, you’ll configure the following:
Currency
Select the currency you want to add.
This will be added to your company’s list of supported currencies.
We currently support:
NZD
AUD
CAD
EUR
MXN
SGD
USD
GBP
PHP
CLP
PGK
AED
QAR
Is converted:
Choose whether payments should be converted into this currency:
Converted – payments will be converted into this currency before being made
Non-converted – payments will remain in the original currency
Important:
Conversion only occurs when:
A shareholder selects this currency as their preferred payment currency, and
The currency is enabled as a converted currency by the company
Supported bank account format:
Choose which types of bank account formats are accepted:
Local only – domestic accounts only
International only – foreign accounts only
Local and international – both supported
Make sure this matches the types of bank accounts your shareholders will provide.
How this affects dividend payments
Multi-currency settings work alongside your dividend and payment setup:
Shareholders can nominate their preferred payment currency
The system checks if that currency is supported by your company
If enabled, payments may be converted automatically before payment
Payments are then included in the appropriate bank payment file or manual process
Bank account format considerations
Not all currencies support both local and international formats.
For example:
NZD (NZ) may support local and international formats
Some currencies may only support international formats depending on jurisdiction
Make sure your currency settings align with how you intend to pay shareholders.
Tips
Only enable currencies you intend to support
Review shareholder preferences before enabling conversion
Ensure bank account formats align with supported currencies
Check your currency settings before generating payment files
Need help?
If you’re unsure how to configure currencies for your company, contact our support team for assistance.