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AccountRight

Multicurrency (v19): Sales exchange rate decimal place increase (5)

Contributing Cover User

6Posts

1Kudos

0Solutions

6 Posts
Contributing Cover User
Australia
New
New

Dear MYOB I work in both Japanese Yen and US dollars accounts and would like to report an issue with the number of available decimal pleaces that MYOB uses for currency exchange. While the USD conversions work well given the relative similarity in figures for USD to AUD, this is not the same for JPY to AUD. For example, please see as follow:- I have a Japanese Yen amount of JPY2,867,542. To show this as the amount I received in my AUD account of $35,310.21, this needs an exchange rate of .012313754463736. If I use this exchange rate, MYOB rounds this exchange rate to 0.12314. That being the case, this recognises the money in as $35,310.91 needing a manual adjustment of 70 cents for this transaction. This is time consuming and an issue that I believe would be better addressed by MYOB is enabling a greater range of decimal places.

 

"Currency Decimal Place Limitation"