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  • Cant change currency or option to accept foreign currency transactions

    We are trying to change the currency for one of our suppliers. The instructions on how to do so are very clear however the currency box is greyed out in single user mode and even if I log in as system admin it will not let me change it. We also want to…

  • Using Foreign Currencies instead of Home Currency.

    Is it OK - in accounts terms - to use Foreign Currencies instead of Home Currency in all transactions?

  • Sales report by foreign currency

    Hi, We have sales in US and CAD. For the Sales Report by Customer : Is there a way to have the information in foreign currency, instead of CAD. Thanks.

  • Foreign Exchange Rate Table changes without User Intervention

    The Foreign Exchange Rate Table (in Settings) is changing the user-entered exchange rate to a previous rate, without user intervention! New transactions then pick up the wrong rate; currently we are checking each transaction as entered. Sage Technical…

  • Foreign Currency Bank Transfer

    Hi, Our home currency is CAD. We have a USD bank account and a Euro bank account. We transferred funds from USD to Euro. How to best handle this transaction? Thank you

  • New Currencies

    If a currency is not an option in Simply Accounting. Is there any way to add a new currency? e.g. I want to make a new bank account in Bahamian Dollars. Thanks!

  • Vendors - Multiple addresses and multiple currencies

    Good day, I use Sage 50 Premium 2018 (Canadian Edition) and it does 99% of what I need it to do for my small business. Things it doesn't do that could benefit me (as well as other users I'm sure) are: 1) Allow multiple addresses for the same…

  • RE: Foreign Currency and CaseWare import

    Jay Noden said: The balance in the GL account for the US$ bank account is nowhere even close to what appears in the Sage50 bank reconciliation. The CAD home currency value on the G/L is the sum of all the home currency amounts from each transaction…

  • RE: US Dollar Bank Account - YE exch adjustment from Accountant and effect on bank reconciliation

    MarcieD said: I just completed the Year End Adjustments from our accountant last week. One was for adjusting the USD account for an exchange gain as of the Bank of Canada's spot rate on July 31st. Because foreign accounts are sort of a 2-in-1 (a CAD…

  • RE: Foreign currency invoices

    Hi Bettina, You may want to follow the KB article below to setup the USD customer/vendor and then key in the USD invoices. 14538 - How to create invoices using USD or other foreign currencies? Hope this helps.

  • Selling Foreign Currency between two companies

    Hi All I have 2 companies, both deal with US and Canadian currencies. I want to sell US dollars from one company to the other in exchange for Cdn dollars. What should the transactions look like? Also, I'm assuming HST is not charged on these types of…

  • RE: Canadian selling in US Dollars

    HST is calculated the same, regardless of which currency you are invoicing in - Use the noon Bank of Canada reported exchange rate for the date of the invoice. i.e. if you invoice $1,000 USD, and the exchange is 1.10 CAD : 1.00 USD, then you have effectively…

  • RE: Foreign Exchange difference on Accounts Receivable at year end

    Any prepayments? Those are posted to a liability account, even if the account balance for the customer nets to a collectible asset. Also check that all receipts were posted to the correct bank account.

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