It is good to indicate the currency used on the Sales Invoice to omit discrepancy.

GST register trader who supplies goods in foreign currency instead of Singapore dollar has to indicate the Singapore dollar equivalent...

You can have foreign currency set in accounts such as the bank, accounts receivable and accounts payable. When there is a rate change,...

In a multiple currencies environment, every name (customer or supplier) has tagged a currency. For example, if you trade with the...

A supplier may request a deposit or an advance payment when you place an order if you do not have a credit payment term arranged. The...

In the MoneyWorks general ledger, a foreign currency account is represented as two separate amounts: the value in the foreign currency,...

You recorded a foreign currency Term Deposit of US$100,000.00 with a period exchange rate of 0.72USD:1SGD. When the exchange rate has...

The Bank, Accounts Receivable, and Accounts Payable account can be set with a foreign currency. Instead of creating the foreign currency...

GST (Goods and Services Tax) applies when you supply goods and services locally, even if you invoiced the customer in foreign currency....

A new GST Form 5, v1.0.9, was included in the MoneyWorks accounting software update (v7.1.7). The new GST Form 5 includes the realized...

When printing the GST report for the last quarter, which exchange rate will the MoneyWorks accounting software be used? Transaction...

How it works? Assume that as of 31 May you had set the exchange rate for 1SGD to 0.8000USD (sing the month end exchange rate). You...