> ## Documentation Index
> Fetch the complete documentation index at: https://help.kwentra.com/llms.txt
> Use this file to discover all available pages before exploring further.
# Multi-Currency Journal Vouchers for General Ledger
> You can now create General Ledger JVs in multiple currencies, with automatic calculation of foreign currency amounts. Business Value Enables accurate financial reporting in multiple currencies. Sim...
You can now create General Ledger JVs in multiple currencies, with automatic calculation of foreign currency amounts.
### **Business Value**
* Enables accurate financial reporting in multiple currencies.
* Simplifies reconciliation and audit for multinational operations.
* Supports hotels and groups working with suppliers, clients, or assets in more than one currency.
## **Use Cases**
* A property records expenses or revenues in USD, EUR, or SAR and needs GL entries to reflect actual foreign amounts.
* Auditors or finance teams want to compare base and foreign currency values directly in reports and journals.
* Multi-property companies standardize cross-currency reporting for group consolidation.
## **How It Works (Tech Know-How)**
* **New Columns in GL JV Screen:**
* **Currency:** Select from all currencies configured on your instance.
* **Exchange Factor:** Editable numeric field (rounded to 2 decimals). Enter the conversion rate for this JV line.
* **Foreign Amount:** Read-only. Automatically calculated as (Base Amount × Exchange Factor).
* **Migration:**
* All previous JVs will default to:
* **Currency = Base Currency**
* **Exchange Factor = 1**
* **Foreign Amount = Amount**
* **Feature Flag:**
* This feature can be toggled on/off based on your property’s needs.
## **Steps to Create a Multi-Currency JV**
**Click "Back Office"**
**Click "General Ledger"**
**Search for a JV created directly from the GL, or create a new JV**
**Click on JV**
**New Feature for Currency Conversion**
**Change the currency from base to foreign**
**The read-only field reads the amount with the exchange applied**
**Save the JV**
**JV Saved with currency exchange**
**Posting the JV locks the exchange rate**
