![]() 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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