10-01-2012 02:00 PM
10-01-2012 03:28 PM
Are you using the multi-currency option found in AccountRightPlus and above?
If you are recording thier invoices in another currency I would say yes.
You need to set up an account (not a real one) in MYOB for the currency, e.g. US dollars. If Multi-currency is turned on, then it will automatically create a partner currency exchange account.
The first account will detail the value of the US$, and the second account will be the balance $ amount, so if they are added together - they add up to Australian dollars.
You will also need to set up a US$ Trade Creditors Creditors account (which will also automatically create a currency exchange account.
Here is a checklist I work through when setting up multi-currency http://www.aniseconsulting.com/downloads/Multicurr
Twitter: @HeatherSmithAU | LinkedIn: Heather Smith | Website: Heather Smith |
11-01-2012 09:58 AM
We have written a support note on Setting up and troubleshooting multiple currencies within AccountRight Premier which may also assist further.
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