Help Center / Organization Setup

Setting a Custom FX Rate per Entity

If your organization has more than one entity, you can set a custom FX rate for a specific entity instead of the whole company. This is useful when entities settle the same currency at different negotiated rates.

How entity and company rates work together

For any transaction, Light resolves the FX rate in this order:

  1. Entity rate — a custom rate set for that transaction's entity
  2. Company rate — a custom rate set for the whole company
  3. System rate — the daily market rate (the fallback)

So an entity rate always wins for that entity, and a company-wide rate covers every entity that doesn't have its own. You can mix the two: set one company-wide rate as the default and a different rate for the one entity that needs it.

How to set one

As with company rates, this is set by Light support (no self-serve screen yet). Provide the same details — currency, rate (how much 1 unit of the currency is worth in EUR — e.g. "1 CZK = 0.04 EUR"), and month — plus the entity the rate applies to.

If you're not sure which entity a transaction belongs to, support can help you confirm before setting the rate.

Things to keep in mind

  • The monthly, month-scoped, and EUR-reference rules are identical to company-wide rates — see Setting a Custom FX Rate for Your Company.
  • Setting an entity rate does not remove the company-wide rate; it only takes precedence for that entity.

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