How to configure currency conversion for expenses?

The Expenses and Travel section on the Keka portal serves multiple functions. It enables employees to submit their travel-related expenses, including expenses for accommodation, meals, and more, that they incur while representing the company. 

In cases where employees need to travel internationally and incur expenses in different currencies, Keka provides the flexibility to configure currency conversions, making expense reimbursement hassle-free. Now, let's explore how to configure Currency Conversion on Keka.

Navigate to Org (1), then select Expenses & Travel (2), and under the Policies & Settings (3) tab, you will be able to see Currency Conversions (4). Here, click on +Add a Conversion (5).

On the overlay window, select Currency 1 and Currency 2 (1) for which you are going to define the Conversion Value (2). You will have to add either of the conversion value in step (2) and the system will calculate the other value. Then click on Add (3).

Currently in Keka, we do not support automatic currency conversions so the values need to be manually entered to reimburse the claims incurred in other currencies.

We hope this article has solved your query. In case or any other doubts, feel free to refer to the other articles on this portal.