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Working with multiple currencies

Multi-currency features are only available in AccountRight Premier 2018.3 and later. Not sure what version you're using? Open AccountRight and go to Help > About AccountRight.

If you deal with suppliers or customers in foreign currencies, you can create multi-currency transactions in AccountRight.

Want to give it a try? Before turning on the multi-currency features in your working company file, why not have a play in AccountRight's sample company file. You can then see what multi-currency can and can’t do and work out if it's right for you.

Using a classic AccountRight version? If you’ve used multi-currency in AccountRight Classic (v19 and earlier), find out how multi-currency has changed (for the better). Also find out about upgrading multi-currency enabled AccountRight Premier v19 company files (conditions apply - learn more here).

Setting up multi-currency

To use the multi-currency features, a company file administrator will need to turn on the multi-currency preference. You can then enter exchange rates, choose each card's default currency, and create foreign currency bank accounts.

Let’s get started.

Transacting in multiple currencies

Now that you're set up, you can start recording multi-currency transactions. But first, you might need to transfer funds into a foreign currency bank account (created during the setup above).

Reporting on foreign currency transactions

We’re still working on adding multi-currency info to AccountRight’s reports. Here are some ways to get information currently.

Foreign customer statements are a great way to report on detailed outstanding invoices from your foreign customers. Learn how to show currency codes on your statements and how to print or email customer statements.

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