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 David
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: 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: 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: 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: 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"
Multi-Currency: Sales exchange rate decimal place increase (5)
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"
Multi-Currency: Use current exchange rate
when entering invoices into myob that are in US Dollars is there anyway you can put todays exchange rate and the unit price changes as you enter the item #, this would save individually working out my buy price on each item based on the exchange rate 'Purchases in USD"
