We have summarized the most asked questions about iQurrency.
Is your question not listed? Or would you like to meet us? Our support staff is ready. You can reach us on +31 (0)513 627 205, send an email to info@iqurrency.com or fill in the contact form.
Is my data safe?
Your data is safe and actually located in the Netherlands. Security is key when it comes to financial data. We are fully committed to providing the highest level of protection. iQurrency has ISO-9001 and ISO-27001 certification for this purpose. This ensures quality of service and information security in our processes. iQurrency is certified by Twinfield itself and screened by Exact based on an assessment.
Is iQurrency certified?
Because iQurrency concerns financial data, the highest security standards are essential. Our systems are reliable and secure. To highlight this fact, we comply with the necessary and relevant certifications:
Twinfield certification
iQurrency is certified by Twinfield (Wolters Kluwer Tax & Accounting). Because it is a certified link, iQurrency is on Twinfield list of certified links.
Screening Exact
Exact does not have a certification process for such solutions. Exact bases their screening on an individual assessment. Before being permitted to link into the Exact environment, the vendor must have successfully completed this assessment. We successfully completed this assessment.
ISO-9001
We control our processes based on ISO 9001 quality management. This enables us to systematically deliver services through a reliable process that meets our clients’ requirements and complies with relevant laws and regulations.
ISO-27001
ISO-27001 demonstrates that our organisation meets both information security and privacy requirements. Information security risk measures have been implemented for iQurrency. These are reviewed on an ongoing basis and audited annually.
Do any installation and start-up fees apply?
No installation and start-up fees are charged. There is no such cost because no programme needs to be installed. Activating and linking your accounting system into iQurrency is easily done internally by completing our user-friendly startup wizard. Because this precludes the need for any consultants or software, there are no installation and start-up fees.
Should you have any issues with implementing the link, our support staff will be happy to assist you – free of charge. Contact our support staff using this form or send an email to support@iqurrency.com
I want to test iQurrency, is that possible?
You can test iQurrency by using the free trial period (1 month). If it does not meet your expectations, you may cancel without any charges.
Testing iQurrency is a very low-threshold process because:
Get started right away Create your account
What payment options are available?
Payment for our services is based on direct debit authorisation on a monthly basis in arrears. Here you can choose from the following options/
How long is the subscription period?
When starting a new account, you may use the service for free for one month. Subsequently, we charge the monthly fee. You may stop the service at any time. You pay only for the period in which you use our services. So if you terminate the service halfway through a month then we also only collect a fee covering half a month.
I saw that similar free services are available. Why should I choose iQurrency?
Security, monitoring, support and the guarantee that exchange rates are up to date are the main reasons why users choose iQurrency. Our users are willing to pay for this service because it involves financial data. If anything goes wrong in this process, it can lead to major losses and problems.
I want to get started with iQurrency. How to create an account
Creating an iQurrency account is done within minutes.
Creating an account is free of charge. You will not be charged until your payment information is entered, an accounting system is linked and the free one-month trial period has expired.
How do I link my accounting system to iQurrency?
You can easily link your own accounting system to iQurrency. Our linking wizard will guide you through the steps below. This can be completed within a few minutes.
Now you no longer need to manually update your currency exchange rates. As of the next business day, exchange rates are automatically updated.
Should you have any issues with implementing the link, our support staff will be happy to assist you – free of charge. Please contact us using with this form or send an email to support@iqurrency.com.
I want to retroactively update the exchange rates in my accounting system. Is this possible with iQurrency?
Yes, you can. We can read in exchange rates up to decades back. In practice, it is rarely necessary to revert to exchange rates from years ago. However, we frequently receive requests to update exchange rates for retroactive application of the rates as per 1 January. Our smart software enables you to do this. However, this requires some help from our consultants. Would you like to take advantage of this service? Please contact us for a proposal.
How do I cancel iQurrency?
Cancelling your subscription is very easy. In your iQurrency environment, go to Change Package and click Cancel. No notice period applies and the service is discontinued immediately. You pay only for the days you used iQurrency.
What sources are used?
The statistical daily exchange rates are read in from ECB and Open Exchange Rates (OER).
Within your own iQurrency environment, you can specify in each accounting system and for each currency whether you want to use the ECB or OER rates.
What currency rates can be read into my accounting system (Exact online / Twinfield) with iQurrency?
The exchange rates below can be read through iQurrency into your Twinfield or Exact online accounting. These include all exchange rates from the ECB and Open Exchange Rates (OER).
Are currency rates up to date? When are the exchange rates updated?
iQurrency uses the statistical daily exchange rates of the ECB and Open Exchange Rates (OER). These are set at the end of a business day by the ECB and Open Exchange Rates. The next day (early morning), all rates are automatically updated in iQurrency. Thus, the rate (historical daily rate) of the previous business day is applied. See table below.
Are the exchange rates in iQurrency always correct? Is there a margin of error?
The exchange rates in iQurrency are 100% correct and monitored through daily automatic checks. We use automated exchange rates from the ECB and Open Exchange Rates. We have not detected any differences. Should errors arise, it will be on the side of the ECB or Open Exchange Rates. Fortunately, this is very rare.
This substantially lowers the risk of incorrect rates with iQurrency compared to manual entry.
Can I also link weekly or monthly rates through iQurrency?
No, only historical daily exchange rates can be linked.
What is iQurrency?
iQurrency is an online service that automatically updates currency exchange rates daily in Twinfield and Exact accounting systems.
Which accounting softwares can I link into iQurrency foreign exchange rates?
Currently, iQurrency works only for the accounting softwares Twinfield and Exact. If you want to link a different accounting software application, please inquire about our custom solutions.
Does iQurrency compromise the speed of my accounting software?
No, iQurrency does not affect the speed of your accounting software. You only notice the presence of iQurrency by the presence of daily currency exchange rates.
How do I enter current exchange rates (currency rates) in Twinfield?
Enter more than 200 exchange rates like the USD, EUR and CNY can be done either manually or automated by linking to the ECB or the OER.
Working with an automatic link is easy with iQurrency. This is an online service that automatically updates currency exchange rates daily in Twinfield and Exact accounting systems.
By using an automatic link, this process is fast and error-free.
Learn more www.iqurrency.com
How do I enter current exchange rates in Exact Online?
Enter more than +/- 200 exchange rates like the USD, EUR and CNY can be done either manually or automated by linking to the ECB or the OER.
Working with an automatic link is easy with iQurrency. This is an online service that automatically updates currency exchange rates daily in Twinfield and Exact accounting systems.
By using an automatic link, this process is fast and error-free.
Learn more about adding foreign currencies in Exact Online
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Herenwal 137
8441 BE Heerenveen
The Netherlands
Chamber of Commerce: 82699860
VAT No. NL: 862571819B01
We are ISO 9001 & ISO/IEC 27001 certified.
