Set up and use Multi-Currency

With Multi-Currency, you can:

• Create up to 30 currencies
• Set up Customers, Suppliers, and Bank Accounts in foreign currencies
• Print documents in both foreign and home currency
• Update exchange rates anytime
• Generate reports and financial statements in any currency

Activate Multi-Currency

1. Go to Setup then select Company Parameters.
2. Enter your password.
3. Select Multi-Currency then select the box Use Multi-Currency.
4. Set up the currencies with the following:
   

   Revaluation Entry Type	Posts gains/losses based on current exchange rates.
   Revaluation Account	Where you post gains/losses (Income Statement account).
   Variance	Controls how much the exchange rate can differ from the default, if you:  Set to 0: No overrides allowed Set to 99.99: Allows full override If rate is 1.0000, the program ignores the variance
   Decimal Digits	Choose zero to three digits.  NOTE: You can’t reduce this later.
   Symbol	Enter a three character currency symbol (use Character Map to find special symbols).

5. Once complete, select OK. 

How do I create customers, suppliers and cashbooks that use Multi-Currency?

How do I process for customers, suppliers and cashbooks that use Multi-Currency?

How do I process Foreign Currency Revaluation

How do I set foreign total invoice amount to display in home currency

How do I view Multi-Currency reports