Multi-Currency Management

The Multi-Currency module enables hospitals to handle transactions in foreign currencies -- relevant for medical tourism, international patient billing, vendor...

2026-02-17 · 3 min

Manual area

Finance

Coverage

3 sections

Operator notes

1 implementation note

Overview

The Multi-Currency module enables hospitals to handle transactions in foreign currencies -- relevant for medical tourism, international patient billing, vendor imports, and equipment purchases denominated in USD, EUR, or other currencies.

Currency Setup

Configure supported currencies:

Navigate to Finance > Multi-Currency to manage currencies.
Add currencies with ISO code (USD, EUR, GBP, AED, etc.), symbol, and decimal places.
Set the base currency (typically INR for Indian hospitals).
Define exchange rates with effective date. Multiple rates can co-exist for different dates.
Auto-fetch exchange rates from the RBI reference rate (configurable).

Foreign Currency Transactions

Process transactions in non-base currencies:

Patient billing in foreign currency with real-time conversion to base currency.
Vendor payments in foreign currency with exchange rate at payment date.
Exchange gain/loss auto-calculated and posted to the designated GL account.
Revaluation: periodic revaluation of foreign currency balances at closing rates.
All financial reports can be viewed in base currency or the original transaction currency.

Notes

Tip

For medical tourism hospitals, maintain daily exchange rates. Even a 1% rate difference on high-value international bills significantly impacts revenue recognition.

Intercompany Transactions

The Intercompany module manages financial transactions between entities within the same hospital group -- for example, between the main hospital and a...

Recurring Journals

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Billing

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