Setup: MULTI CURRENCY IN PREMIER
Hello all, I had, until this week, understood that the Multi-Currency functions in the Classic Premier version would be available in the 2014 Live version later this year. It appears that this is now not the case, and may not even happen next year, or even longer. Ihave a number of clients now using M-C in Premier v19.10 who want to move to the live version to obtain the benefits that they see available, but it now seems they will be stuck with the old version for quite some time. All that they get for their almost$1200 pa subscription is updates of tax tables. Iurge all Premier M-C users and those with clients using M-C to vote to have this functionality returned without delay. Cheers DavidMulti-Currency: Foreign recurring transactions
At the moment you need to save a recurring template in local currency, and after pulling it into a new transaction, only then switch the currency. Please vote up if it's important for you to save and use recurring templates directly in foreign currency.Multi-Currency: Forms - include currency symbol
Hi MYOB Foreign Currency is not displaying on custom form templates. Currency symbol needs to be included in the customs forms. Currently, end users are inserting a text field and stating currency looks very ordinary. Please fix "Multiple Currency Bug - Currency symbol needs to be included in the customs forms"
Multi-Currency: Customer deposit payments exchange residual value
I am new to using multi currency, however I do understand the logic behind it. When it is a simple case of recording a sale (at a given exchange rate) and then receiving the funds (at a different exchange rate), the difference will be recognised asfx gain/loss. I believe MYOB handles this easily. However when I make use of the Sales Order/Customer deposits facility, it does not work so easily (I am happy to be corrected, but I spoke to support today and they agreed with me and suggested I post details of it here, so this is exactly what I am doing). I have attached screen prints of my example. The chain of events is as follows: 1) Sales Order raised - EUR1000 (AUD 1,200 equivalent) 2) Customer deposit received for full amount - EUR1000 (AUD1,300 equivalent) 3) Sales Order coverted to Invoice Theoretically, after all these transactions, theBalance Sheet accounts (Trade Debtors/Trade Debtors Exchange Account + Customer Deposits/Customer Deposits Exchange Account) should all be nil - i.e. invoice raised and paid in full, so nothing should be left on the balance sheet. But there is - $100DR in Trade Debtors Exchange Account and $100CR in Customer Deposits Exchange Account - these amounts need to offset each other (by a manual general journal). Refer attached screen prints. So I then thought ifmanually cleared the $100 gain at the customer receipt stage (because MYOB will allow you to changethe gain or loss to whatever you want it to be - sounds dangerous), then maybe I would solve my issue. However, I end up with $100CR in Customer Deposits Exchange Account and missing $100CR in FX gain. Again a GJ required to clear the imbalance. Refer attached screen prints. Do you agree there is an issue here? If no, please advise what I am missing. If you do see an issue, will this be fixed? Again, I am very happy to be corrected if I have misunderstood the process. "Multicurrency - Is this a bug?"
Multi-Currency: Show inventory purchase price in foreign currency
It is great that MYOB has multi currency but we dont have a field where we can display the purchase price. Like when you buy from overseas and pay in say USD there is no field where you can put this so you have a record of what was paid which we could refer to in future. At present when you create a new order it automatically picks up the landed cost not what we are actually paying the supplier. I would be nice if a fieled was created under the buying details tab where you can enter the USD price and which it picks up when entering a new purchase order.
Multi-Currency: Select historical exchange rates
Hi all I have been waiting and waiting for the live exchange rates for the longest time (now using) not a fan – I was under the impression that historical rates were going to be stored/available as well. Who in any business enters a purchase order transaction on the exact day it is dated or even received, as a bookkeeper (client doesn’t have access to MYOB) when I process I am processed the accounts a from a month ago or even more It would be much more effect to also have historical daily rates stored in MYOB so you wouldn’t have to look up any currency as manually entering is susceptible to human error. Just a suggestion, and would love any feed back "Premier 2019.2 Suggestion"Multi-Currency: List foreign currency cards in Ship to for Purchases
Hi MYOB, When the end user is creating purchase orders with suppliers they have lost the ability to ship to another foreign currency card. The option is displayed however it seems none of the currency cards are listed? Please fix "Multiple Currency Bug - lost the ability to ship to another foreign currency card"
Multi-Currency: Job assigned to currency gain/loss
When a Foreign Currency payment is made, the "job number" is left blank when the journal is posted to FX Gain/Losses in the P&L. It would reduce my workload ofhaving to process manual GL journals, if the gain/loss was automaticlly posted to the job number the purchase was recorded against. "Currency gains/losses allocated to a job number"
