Forum Discussion

MichelleS_ECO's avatar
MichelleS_ECO
Trusted Cover User
2 months ago
Solved

MYOB base currency

We have a company that trades in USD so need to be able to keep the records in USD as opposed to AUD. Is this available? 
  • Isaiah_C's avatar
    Isaiah_C
    2 months ago

    Hi MichelleS_ECO,

     

    Totally understand why you'd want everything running in USD if that's the currency you're dealing with most. Makes things feel a bit more straightforward. It doesn't support having the whole file or reports set in USD. Everything still needs to stay in AUD or NZD as the base currency. But the good news is you can record transactions in USD, like invoices, bills, and payments, and it will handle the conversion for you. For a bit more detail and a guide on how it all works, here's a handy link you can check out: Working with multiple currencies.

     

    Regards,

    Sai

Isaiah_C's avatar
Isaiah_C
MYOB Moderator
2 months ago

Hi MichelleS_ECO,

 

Totally understand why you'd want everything running in USD if that's the currency you're dealing with most. Makes things feel a bit more straightforward. It doesn't support having the whole file or reports set in USD. Everything still needs to stay in AUD or NZD as the base currency. But the good news is you can record transactions in USD, like invoices, bills, and payments, and it will handle the conversion for you. For a bit more detail and a guide on how it all works, here's a handy link you can check out: Working with multiple currencies.

 

Regards,

Sai

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.