You can do this by creating an Invoice/Bill/Credit note to a suspense account for the entire balance in the required currency using the appropriate currency rate contact. Then you need to move the balance of the suspense account again to the newly created foreign currency contact. You can do this by creating an Invoice/Bill/Credit note to a suspense account for the entire balance of the base currency contact. You will now need to move the balance of the converted contact to the newly created foreign currency contact. NB remember to make sure the balance in Sage Accounting of the new foreign currency bank account reconciles to the physical bank statement.Ĭontacts: Create a new (foreign currency) contact account. ![]() Transfer the balance of the converted bank account to the newly created foreign currency bank account by using the correct currency ratio. This means that you will need to adjust the balances of foreign currency bank accounts and foreign currency customers and suppliers.īank accounts: Create a new bank account using the correct applicable currency. We are currently unable to convert foreign currency transactions, all foreign currency transactions will be converted using the base currency as standard.
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