FreshBooks has announced the release of multi-currency  for their on demand billing solution. Users can now bill customers and collect payment using multiple currencies inside FreshBooks.

Here's a sneak peak at the features:

• Foreign currency invoicing
  • Now, when you create a new invoice (or estimate, or recurring invoice), you’ll be prompted to choose a currency for that invoice. Doesn’t get much simpler than this. The appropriate currency symbol and number formatting will appear dynamically, and carry over to your template.
• Helpful exchange rates
  • Most of your FreshBooks account will continue to work in your base currency. For example, if you’re a USD company, your re-usable items and project rates will continue to be stored in USD. When you put these on a foreign currency invoice, however, a helpful exchange rate widget will let you dynamically mark up (or down) your invoice according to the latest exchange rate data.
• Multi-currency reporting
  • Starting now, reports will group values and totals according to the currency in which they take place. There’s a few exceptions, most notably the Profit and Loss report, which will report figures solely in your base currency by averaging exchange rate data over the queried period.
• Bonus! Account statement redesign
  • Even if you don’t plan to make use of our new multi-currency features, there’s still good news: we’ve jazzed up our account statement to look more like our sharp new invoice template. And for the first time, printed account statements will fit in double-windowed envelopes, perfect for snail mailing to your clients.