Your client pays in USD, but your bank only takes SGD — what happens next might surprise you.

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

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

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

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