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Multicurrency in Detail Receipt / Payment Browse

Overview

In a global economy, the ability to trade with foreign companies in their native currency is becoming ever more important.  So we have introduced the facility to deal with customers, suppliers and banks in different currencies to your business's main accounting currency ('Base Currency').

You may choose to specify your own customised conversion rates, or use the daily rates provided to Surf Accounts by Yahoo Finance.

Foreign currency transactions will be automatically converted to your base currency, keeping your core accounts correct while dealing with your global partners. 

Multicurrency in Detail Receipt / Payment Browse

The currency set against the bank and cash account from the chart of accounts will appear under the lodgement details drop down.

For e.g. if the currency against cash control account (781 petty cash account) is set to GBP. In the receipt / payment browse the lodgement details will show the currency details as shown below.  

Multicurrency_in_Detail_Receipt_-_Payment_Browse_Image_1.jpg

In customer receipt or supplier payment if you choose a customer / supplier whose currency is different from your business currency (Base Currency) the amount column will show the customer or supplier’s business currency and the base currency will appear beside that.

Condition 1: If the conversion rate is not set on the day transaction, it will pick up the last conversion rate of the last transaction.

For e.g. the customer or supplier is set to GBP and your business currency is Euro and conversion rate is set then the receipt amount will appear in the in the amount box along with the currency description which is GBP here. Beside the Amount box the business currency will appear which is Pound here. Depending upon the conversion rate the multiple value of the receipt will appear beside the ‘Amount’ box.

For illustration see below:

Multicurrency_in_Detail_Receipt_-_Payment_Browse_Image_2.jpg

For Non Customer Receipt see below:

Multicurrency_in_Detail_Receipt_-_Payment_Browse_Image_3.jpg  

                                                               Bank Account Currency is Different of Business Currency

Multicurrency_in_Detail_Receipt_-_Payment_Browse_Image_4.jpg

                                   Business currency and the Bank currency is same however bank nominal code is different

 

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