Preferred & Custom Currencies

many large enterprises choose to create a custom currency or usage credit , building their pricing models around these units rather than traditional currencies this helps abstract usage from dollar values and simplifies billing for a global customer base to create a new custom currency, go to pricing → custom currency from the main navigation menu assigning a preferred currency to customers each customer in amberflo is assigned a default currency while the backend system always calculates charges in usd, these amounts can be converted into the customer’s preferred currency using a predefined conversion rate you can view and update a customer’s currency from the customer view if a customer should be billed in a currency other than usd, simply select the appropriate default currency amberflo will then convert the invoice total using the rates defined in your conversion table creating a custom currency to set up a custom currency navigate to pricing → custom currency provide a name and a display abbreviation (e g , "demo currency" and "dcu") define the conversion rate to usd, such as 1 dcu = $1 activate the custom currency using the toggle provided this ensures all invoices are calculated using the custom currency creating a conversion table in the setup conversion table view, click add conversion table to begin defining exchange rates this table specifies how your custom currency (e g , dcu) converts to other global currencies make sure you define conversion rates for all non usd currencies used by your customers if no conversion rate is available for a customer’s default currency, their invoices will be displayed in usd by default