Partner Zone
Partner Zone

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

AccountRight

Multicurrency: Use last currency rate

JohnNicol
Experienced Partner

13Posts

1Kudos

0Solutions

7 Posts
Experienced Partner
Australia

Presently it seems you need to choose a default rate eg A$1 = 0.75USD

Currency rates change every day. I think the default currency rate should be the last currency rate that is used (eg like the purchase price of an item) At one time a couple of years ago the A$1 to US$ was 1.00 = 1.10

hence when you go and make a purchase the US$ 1.10 would come up and need to change it. If the last currency rate was used you may not have  to change it

On the purchase Register in the Amount Due column, by using the last currency rate it would reflect the more actual value of A$ required at that time

 

"Multi Currency - default list, purchases and Purchase register"

2 Comments
MYOB Product Manager clinteidelman
21 Posts
MYOB Product Manager

Thanks for the suggestion. One way to achieve what you want might be to use and UPDATE the default/global rate when changing the rate in a transaction. This rate will then automatically be used on future transactions.

MYOB Moderator Steven_M
2,000 Posts
MYOB Moderator

Thank you for your idea. Our team has reviewed the idea and has ensured it meets our idea submission criteria. For more information on idea submission criteria, please read this article: Changes to our Idea Exchange pages