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YokoT1205's avatar
YokoT1205
User
2 years ago

Foreign Currency in MYOB Business Pro

Hi. 

I tried looking into this community page for the answer but I couldn't so hopefully someone could help me.

 

Currently I'm on Business Pro plan, and I need to connect my foreign currency bank account and use EURO for some payments and purchases.

 

I can't find any Settings to use foreign currency.

Can I use it in my plan or do I have to change something?

 

Thanks.

  • Steven_M's avatar
    Steven_M
    2 years ago

    Hi YokoT1205 

     

    Our AccountRight Premier product range allows the user to set up and record transactions in a foreign currency. This is not a feature of MYOB Business Pro.


    If you do have MYOB Business and you do need to record the one-off or a small number of foreign currency transactions, converting it to the local currency equivalents and then recording that in your software may be the way to go. If it's more long-term and frequent using AccountRight Premier would be the recommendation.

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  • Steven_M's avatar
    Steven_M
    Former Staff
    2 years ago

    Hi YokoT1205 

     

    Our AccountRight Premier product range allows the user to set up and record transactions in a foreign currency. This is not a feature of MYOB Business Pro.


    If you do have MYOB Business and you do need to record the one-off or a small number of foreign currency transactions, converting it to the local currency equivalents and then recording that in your software may be the way to go. If it's more long-term and frequent using AccountRight Premier would be the recommendation.

    • sues0204's avatar
      sues0204
      Trusted Cover User
      2 years ago

      are there any plans for multi-currency feature for MYOB Business?  Given how "small" this world is these days, multi-currency is increasingly a part of many Australian businesses, and should therefore be a part of business accounting software.