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AccountRight

Multi-Currency: Transfer Money between currency accounts

Cover User

5Posts

3Kudos

0Solutions

5 Posts
Cover User
Australia
New
New

In the current AccountRight multi-currency version, bank transfer between two foreign currency accounts is not possible. E.g. entry between EURO to EURO bank transfer. The previous desktop version allowed. We have to record the transfer transaction over different spend money & receive money transactions which is absolutely a waste of time.

 

"Bank transfer between two foreign currencies"

3 Comments
mayfield
Contributing User
8 Posts
Contributing User

So it's not just me then, that is a thing is it MYOB?

I used to be able to do it, why can't it be done now?

LaraJ
Experienced Cover User
17 Posts
Experienced Cover User

I'm also frustrated by this - amoung a number of other issues - eg not being able to have recurring transactions saved in the multi currency ... and the whole discrepency (on paper anyway) when reconciling the multi currency bank accounts - and a whole lot of 'open' invoices for $0.01 which you can't actually close ... and the whole inability for MYOB to recognise that the value of our multi currency bank accounts and debtors and creditors fluctuate when the currency changes !!!! These just spring to mind!

 

ALVI
5 Posts
Cover User

We have similar issues too @LaraJ  where the multi-currency supplier card files suddenly started showing AUD amt outstanding, but infact all the invoices were closed and paid off. There were instances where some of our supplier card files before the transfer to the new version file had zero balance, but then suddenly after the update started showing AUD balances outstanding.  So now all my supplier card files  are incorrectly showing balances which are not true and on top I cant even run a report in different currency. It converts everything to AUD.