Foreign Currency Bank Accounts

[Irma]

Hi I"m trying to setup Foreign Currency Bank account in my MYOB AccountRight Premier 2016.  I've gone Preferences, System and do not have the "I use Foreign Currency" to select.  Can somone please put me on the right path please

[Steven_M]

Hi @Irma

Welcome to the MYOB Community Forum, I hope you find it a wealth of knowledge

Multiple currency was a feature of the AccountRight Classic range i.e AccountRight Premier v19 and Enterprise v19. Currently AccountRight 2016 doesn't have this particular option for recording transactions in multiple currencies. This is a feature that we are still looking into adding to the AccountRight 201x range with a future update.

In saying that if you do wish to record multiple currency transactions the easiest way to record this in AccountRight 2016 would be converting the values into the local currency and then recording those values in AccountRight using that converted value.