Can group policy member set individual FX output currency other than policy output currency.

GuliGuli Posts: 5Expensify Customer Expensify Newcomer

E.g. Employee in France generates report in Expensify to be paid in Euro. However, Group policy output currency is USD. Can Expensify serve as a repository and approval workflow tool for such exp report in FX so the policy tags can be used by foreign office employee? The actual wire will be made outside Expensify in Euro to the bank account in France.


  • RachCHopkinsRachCHopkins Posts: 928Expensify Success Coach - Admin Expensify Success Coach

    Hi @Guli, we generally recommend you have a Policy per currency you will be reimbursing in. In other words, put your French employees on a Euro Policy. That way you will know how many Euros to reimburse.

    You can duplicate your current Policy, and you can still connect to the same entity in your accounting software.

    Let me know if I can help with anything further!

  • ADIASADIAS Posts: 3Expensify Customer

    RachCHopkins, you seem to know your way around France. We are US company with French affiliate and want to put our French employees on Expensify but our bank does not support Expensify. What can we do? Change banks? Other way?

    Thanks so much


  • Sophie_ExpensifySophie_Expensify Posts: 44Expensify Customer, Expensify Success Coach Expensify Success Coach

    Hey @ADIAS! You could consider changing banks, if you think that will be worth your while. Chase, Bank of America and Wells Fargo are some examples of US banks that will directly connect with Expensify, but the best way would be to choose a bank and double-check whether they would be willing to support a connection.

    If that seems like too much, what you can also do is import your bank transactions via CSV/OFX file; here's a help doc if you want a little more detail on it!

    Hope that helps, let me know if you have any other questions!

  • ADIASADIAS Posts: 3Expensify Customer

    Thank you! I checked it out. We will go with CSV solution. Best, A

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