Setup

Working with multiple currencies

MYOB AccountEdge, allows you to enter transactions in a number of currencies in addition to your local currency. The AccountEdge multicurrency features make it easy to record transactions in dollars, pounds, yen or any other currency you use when buying and selling goods and services. AccountEdge also makes it easy to track overseas checking accounts and foreign assets and liabilities.

If you deal in multiple currencies, it's also important to track the effects of currency exchange rates on your business. AccountEdge provides detailed reports to help you manage both unrealized gains and losses (potential changes in the value of overseas transactions) and realized gains and losses (the actual changes in the value of your assets, liabilities and equity that occur when you exchange foreign currency for your local currency).