Feature
Any currency,
the right tax code.
Invoice in your customer's currency with FX revaluation handled for you, and ship the correct VAT, GST, or sales tax on every line, with returns built straight from the ledger.
Bill in their currency
Invoice the world, keep books in one base.
Sell in euros, pounds, dirhams, or rupees, and let the customer see a document in the currency they expect. Behind it, Vinance records both the foreign amount and its value in your base currency at the day's rate, so receivables read in the customer's currency while your accounts stay in one. No parallel set of books, no manual conversion.
- Invoice and bill in any currency, pay and get paid in it too
- Daily rates applied automatically, or set your own
- Realized FX gains and losses posted when a payment settles
- Customer balances in their currency, accounts in yours
INVOICE 1063
Billed in euros at 1.09 USD/EUR. Vinance posts €19,500 to receivables and $21,255 to the ledger, and remembers the rate.
Revaluation, handled
Open foreign balances, revalued at period end.
A euro invoice raised in July is worth a different amount in dollars by the time it is paid. At period end Vinance revalues every open foreign-currency balance at the current rate and posts the unrealized gain or loss as a proper journal, then reverses it next period. It is the tedious, error-prone part of multi-currency accounting, done automatically and shown to you before it posts.
- Month-end revaluation of open receivables, payables, and bank
- Unrealized gains and losses posted and auto-reversed
- Drill from the revaluation figure to every balance behind it
At period end Vinance revalues open foreign balances at today's rate and posts the gain or loss automatically. One journal, reversible next period.
The right tax, everywhere
VAT, GST, and sales tax, out of the box.
Tax is not one rule, it is a different rulebook per market. Vinance ships region profiles that know US sales tax, UK and EU VAT, UAE and Saudi VAT, and India GST: the rates, the treatments (standard, zero-rated, exempt, reverse charge), and how each line should be captured. Pick your region and the correct tax follows onto every invoice and bill.
- US sales tax, UK/EU VAT, UAE and Saudi VAT, India GST
- Standard, zero-rated, exempt, and reverse-charge handling
- Per-item and per-customer tax rules, applied automatically
Filing, not arithmetic
A tax return built from the ledger, ready to file.
Because every taxed line posts to the books, your VAT or GST return is a report, not a spreadsheet you rebuild each quarter. Vinance nets output tax against input tax, splits it by rate and treatment, and shows exactly which transactions make up each box. When the numbers move because a late invoice landed, the return moves with them.
- Output less input tax, netted to what you owe or reclaim
- Return laid out by box, with the transactions behind each
- Reverse-charge and export lines captured correctly
Rates you can trust
Daily exchange rates apply automatically, and you can override or lock a rate on any transaction when you need to.
Gains and losses, posted
Realized FX on settlement and unrealized FX at period end are both journaled for you, so the P&L tells the whole currency story.
One profile per company
Set your region once and the correct tax codes, formats, and filing layout follow through sales, purchases, and reports.
Frequently asked questions
Can I invoice in a currency other than my base currency?
Yes. Invoice and bill in any currency; Vinance records both the foreign amount and its base-currency value at the day's rate, and keeps your accounts in one base currency.
What is FX revaluation and does Vinance do it?
Open foreign-currency balances change value as rates move. At period end Vinance revalues them at the current rate, posts the unrealized gain or loss as a journal, and reverses it the next period.
Which taxes does Vinance support?
US sales tax, UK and EU VAT, UAE and Saudi VAT, and India GST, with standard, zero-rated, exempt, and reverse-charge treatments. See the region profiles.
Does Vinance produce a VAT or GST return?
Yes. Because every taxed line posts to the ledger, your return is a live report that nets output against input tax, split by rate, with the transactions behind each box.
Can I set my own exchange rates?
Yes. Daily rates apply automatically, and you can override or lock a rate on any individual transaction when you need to.
Move your books off the spreadsheet.
Invoices to bank feeds, payroll to financial statements. One platform, priced by the company and not the seat, on web and desktop.
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