Based on the way your money is transferred to the bank, you can have 2 flows:
Flow 1 (fully supported)
You accept payments in multiple currencies, and they’re paid out to a single bank account in one currency.
How it works in Synder: You accept payments in multiple currencies, and they’re paid out to a single bank account in one currency.
Flow 2 (not supported for now)
You accept payments in multiple currencies, and they’re paid out to several bank accounts in multiple currencies.
How it works in Synder: The system creates a Daily Summary converting all the sales to your home currency (the exchange rate is taken from a third-party platform). As for payouts, only payouts in your home currency are reflected in your books, payouts in other currencies aren’t synced.
This flow requires creating additional transfers in your accounting company, which is why we recommend using the per transaction mode for the 2nd flow.
Note: Our per transaction mode supports both flows.