Share your ideas for improving the new AccountRight. Vote on ideas and discuss them with the MYOB product development team.

AccountRight

Multi-Currency: View currency gain/loss on transaction

MYOB Product Manager

29Posts

56Kudos

2Solutions

29 Posts
MYOB Product Manager
Australia

Please vote up if it's important for you to see gains/losses visible on the transaction.

 

Your comments are super useful to help us better understand your thinking/ideas - please add them below

Current Status: Done
Last Changed: September

Hi Everyone

 

With the release of AccountRight 2020.2, the currency gain or loss will appear in the Receive Payments and Pay Bills windows.

2 Comments
Mike_James
Ultimate Partner
4,760 Posts
Ultimate Partner

Hi @clinteidelman , I wish I had more than one vote! My reasons are:

- this was a good feature of v19, why remove it?

- confirm the accuracy of the transaction before it is recorded.  From other posts it appears the rate can't be amended later. 

- on the supply side,  highlight trends suggesting inappropriate use of exchange rates leading to under or over valuation of inventory. 

- similarly on the sales side, potential incorrect recording of sales income leading to incorrect gross margins, pricing decisions etc.

Steven_M
MYOB Moderator
40,148 Posts
MYOB Moderator

Hi Everyone

 

With the release of AccountRight 2020.2, the currency gain or loss will appear in the Receive Payments and Pay Bills windows.