Setup

To set up Multicurrency

1. One time only: Select the Multicurrency option: Select the I Deal in Multiple Currencies option in the System view of the Preferences window. (Setup > Preferences > System)



2. Create records for the currencies you'll use. (To create records for the currencies you'll use)



3. Assign your accounts to foreign currencies [To link an account (foreign currency)]



4. Assign the appropriate currency to foreign customers, suppliers and salespeople. (To assign the appropriate currency to foreign customers, suppliers and salespeople)



5. After you've started to record multicurrency transactions: Record unrealized gains and losses. (To record unrealised gains and losses)

Related topics

• Setting up Multicurrency
• What is Multicurrency?
• Working with multiple currencies
• To add a foreign currency account