November 4th, 2022

Setting your base currency within Joiin

These are exciting times at Joiin HQ. Here, we pop the hood of our platform and look at some of the latest feature updates and what they mean for you. First up, setting a base currency.

About our latest platform updates

Most of the time, our product team works in stealth mode behind the scenes. They update our powerful platform continuously, bringing rafts of improvements while sprinkling more magic across features.

You may already follow our New Feature Updates and be aware that we regularly tell the world about our platform’s improvements. If not, you can follow our new feature posts or email us to receive regular updates.

Our fantastic product team has excelled this time with three powerhouse updates: setting a base currency, eliminating by company, and toggling a budget-only view.

“The three updates deliver on our promise to collaborate with and involve our customers in developing our platform, taking their ideas and suggestions and turning these into polished features for everyone to use.”

Fine-tuning how we deliver on our promise

What’s exciting about all three is that they bring forth a new fine-tuning phase for our platform – one that builds on existing features and makes them truly unique. You won’t get some of this stuff elsewhere.

The three updates also deliver on our promise to collaborate with and involve our customers in developing our platform, taking their ideas and suggestions and turning these into polished features for everyone to use.

In this first of three blogs, we look at our new ‘setting a base currency’ feature and its meaning to our users.

Setting a base currency

When setting custom foreign exchange (FX) rates, you can select the base currency you want to use. This small but significant Joiin update makes it easier to configure your FX rates, as using US Dollars (USD) as the base currency is no longer a restriction.

In Joiin, go to the Reporting Configuration page to select your base currency. Shown below is a configuration for Australian Dollars.

Image showing how to set a base currency of your choice within Joiin

What does our base currency feature mean for you?

No more recalculations from USD, for sure.

Plus, you have more control over how you want to work and increased ease of use, as you can configure the core currency in which you want to work.

This new base currency feature was a popular request from our customers because it allows you to match currency rates to other accounting platforms, like Xero or QuickBooks, to give more accurate results.

As a side note…

Did you know we offer multi-currency Joiin payment plans? We now accept payment in USD, NZD, AUD and Euros, not just GBP.

Why not get started with a free Joiin trial ›

Read the second blog in this series on eliminations at a company level ›

Don’t hesitate to contact us if you have suggestions about what our platform could do better.

Start a free 14-day trial with Joiin