Multiple Currencies

EH Lim

Do I have to turn on the multiple currencies feature in my accounting software?

Managing your foreign currency with the multiple currencies feature turned on in your accounting software would be easier.

EH Lim

How to receive or pay an invoice with a different currency in MoneyWorks accounting software?

The multi-currency feature in MoneyWorks accounting software will be handy for growing businesses that trade globally.

EH Lim

Offset a foreign currency credit note with a local currency invoice

If both invoice and credit note is in a different currency, then have to consider using a contra account to clear them instead.

EH Lim

Exchange Rate

Currency revaluation process converts the balances in the foreign currency-denominated account to the reporting currency.