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

54Kudos

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: a month ago

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
Ultimate Partner
4,642 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.

MYOB Moderator
37,707 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.