Multi-Currency Invoicing & LHDN Compliance in Malaysia
If your business invoices foreign clients in currencies other than MYR, LHDN requires you to report all transactions in Malaysian Ringgit for tax and e-invoice purposes. This means every invoice issued in USD, SGD, or EUR must include the MYR equivalent calculated at the exchange rate on the invoice date. That MYR value is what gets submitted to MyInvois.
Refrens handles this automatically. When you create an invoice in any foreign currency, the software converts the amount to MYR using the current exchange rate, displays both currencies on the invoice, and submits the correct MYR value to LHDN. No manual calculations needed on your end.
Everything you need to manage Multi-currency invoicing
Pick any currency when creating an invoice: USD, SGD, EUR, GBP, AUD, JPY, and 100+ more. Refrens remembers the preferred currency for each client, so your next invoice is pre-filled and ready in seconds. Every invoice looks professional, branded, and compliant regardless of the currency used.
Stop manually checking Google for exchange rates. Refrens automatically fetches live exchange rates at the time of invoice creation and converts the foreign currency amount to your MYR base currency. No spreadsheets, no guesswork. The conversion is instant, accurate, and recorded with a timestamp for audit purposes.
Your international clients see the invoice in their preferred currency (e.g. USD 2,500), while your records automatically capture the MYR equivalent (e.g. MYR 11,750) at the applicable exchange rate. Both values appear clearly on the invoice. This meets LHDN reporting requirements while keeping your foreign clients comfortable with a familiar currency.
When a Singapore client pays in SGD, a US client pays in USD, and a local client pays in MYR, you need to track all three without confusion. Refrens tracks every payment in its original currency, converts it to MYR for your books, and flags any outstanding balances in the correct currency. You always know exactly who owes what and in which currency.
Your Refrens dashboard gives you a unified view of all your invoices regardless of what currency they were issued in. See your total receivables in MYR at a glance, drill down by currency, or filter by individual foreign currency to understand your exposure to exchange rate fluctuations. Built for business owners who need clarity, not complexity.
Manage all domestic and international invoices from one place. Whether you’re billing Malaysian clients or overseas customers, your invoicing workflow stays consistent.
MYR is your base currency and the anchor for all reporting, compliance, and accounting in Refrens. No matter how many foreign currencies you invoice in, your books, P&L, balance sheet, and LHDN submissions are always in MYR. If your business structure evolves, you can change your base currency at any time. All historical transactions adjust accordingly.
Need to use your own agreed exchange rate instead of the live market rate? Refrens gives you the flexibility to manually enter a custom exchange rate while creating an invoice. This is useful when you have fixed contract rates, client-agreed conversion rates, or specific accounting requirements. You stay in control of the final invoice value while keeping your records clear and consistent.
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Multi-Currency Invoicing That Connects to Your Accounting
Foreign revenue is automatically converted to MYR and reflected in your Profit & Loss report. This gives you a clearer view of business performance without manual calculations.
Outstanding receivables in foreign currency are shown in MYR based on your base currency settings. This keeps your balance sheet accurate and easy to review.
The MYR equivalent is auto-populated for MyInvois requirements when generating e-Invoices. This helps you stay compliant while reducing manual work.
Track payments in both the original invoice currency and your base currency at the same time. This makes reconciliation easier and gives you full visibility into collections across currencies.
Simple, Transparent Pricing. Start Free.
Multi-currency invoicing is available on all Refrens plans. Start free and upgrade only when you need advanced features.
Frequently Asked Questions (FAQ)
Yes. Refrens supports 100+ currencies including USD, SGD, EUR, GBP, AUD, JPY, and more. You can set a default billing currency for each client, and Refrens will automatically apply the correct currency and live exchange rate every time you create a new invoice for that client.
When a foreign currency payment is received at a rate different from the rate used when the invoice was issued, Refrens automatically calculates and records the forex gain or loss in your accounting records. This is reflected in your financial reports, ensuring your P&L accurately captures the impact of exchange rate movements on your international transactions.
Yes. Your Refrens dashboard consolidates all invoices regardless of currency. You can view your total receivables in MYR, filter by individual currency (e.g. show only USD invoices), or search by client or country. Payment status, overdue amounts, and collection summaries are all available in a single unified view.
Yes, basic multi-currency invoicing is available on the free plan. This includes creating invoices in foreign currencies with automatic MYR conversion. Advanced features like custom exchange rate locking, detailed forex reporting, and per-client rate history are available on paid plans.
Yes. Refrens lets you share any invoice via WhatsApp, email, or a shareable link in one click. Multi-currency invoices included. This is especially useful for Malaysian businesses where WhatsApp is the primary communication channel with both local and regional clients in Singapore, Indonesia, and beyond.
