Once your currencies are set up, you must begin assigning them to new customers and suppliers who will use them. The selection you make is important, since it determines the currency in which all future transactions for each customer or supplier will be conducted.
To assign the currency to each foreign customer, supplier or salesperson card, select the currency using the Card Information window - Profile view.
Employees
You can assign a currency other than your local currency to an employee if you like -- but you should do this only if you don't plan to write paycheques for the employee using MYOB Accounting. If you plan to write paycheques for the employee using Accounting, you must designate your local currency for that individual.
Using a foreign currency may be useful if the employee is a salesperson who makes all of his or her sales in another currency and you don't plan to use Accounting to pay the employee. When you print reports that show individual salespeople's sales amounts, the amount will be displayed in whatever currency has been assigned to that salesperson.
Customers, suppliers and salespeople
Only one currency can be assigned to each customer, supplier and salesperson in Accounting. If you do business with a customer or supplier in more than one currency, you'll have to create an additional customer card or supplier card for each additional currency in which you do business.
Customers, suppliers and salespeople for whom you've already recorded transactions are automatically assigned the currency in which they conduct business with you. This selection can't be changed. If you wish to begin using a different currency for these individuals, you'll need to create a new customer, supplier or employee card for them. This is necessary to ensure that historical amounts for these individuals aren't misstated.
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