Multi-currency
Every currency in its own ledger, with nothing quietly converted
A startup with a US entity, a European customer and a stablecoin wallet already works in three currencies. Economico keeps each amount in the currency it happened in, and shows you a converted total only with the rate and its source beside it.
Recent changes
One converted number hides where the money is
Most tools convert everything into one currency the moment it is entered, at whatever rate was handy. Months later nobody can say which rate was used, why the balance moved when nothing happened, or how much of last quarter's revenue was really exchange movement. The fix is to keep the original amounts and be explicit every time they are converted.
Each currency keeps its own ledger
You choose your book currency when the business is created. An invoice in euros, a bill in pounds or a payment in USDC is recorded in its own currency, in its own ledger, and those ledgers never net against each other. When a payment in one currency settles an invoice in another, the realized exchange gain or loss posts in the same event and is attributed to that invoice. A transfer between your own accounts in different currencies records both amounts and applies no rate.
Your agent × Economico
Called 2 Economico tools
Economico
reports · balance_sheet
✓
Native balances in USD, EUR and USDC
Economico
reports · fx_rate
✓
Dated EUR/USD rate with its sourceConverted totals say how they were converted
Your agent can look up a dated exchange rate from a named source. Reports such as the balance sheet, income statement, aging and SaaS metrics show each currency as recorded, plus a total in your book currency that is labelled indicative and keeps the rates behind it. If a rate is missing, you get the native figures and no partial total presented as complete. Foreign cash you hold is not yet revalued at period end.
Connect your agent
Record your first foreign invoice
Record it in the currency you billed, then read the books in both.