Multicurrency Table of Contents

Multicurrency Overview

Recording unrealized gains and losses
To print the Currency – Unrealized Gain/Loss Report

To record unrealized gains and losses

To automatically reverse your General Journal entry from the previous month

To manually reverse your General Journal entry from the previous month

Removing foreign currencies
To remove a foreign currency

Setting up Multicurrency
Step 1: Select the Multicurrency option in the Preferences window
Step 2: Create records for the currencies you’ll use
Step 3: Create accounts to track your foreign-currency transactions
Step 4: Assign the accounts you’ve created to foreign currencies
Step 5: Assign the appropriate currency to foreign customers, vendors and salespeople

Transferring funds between accounts
To transfer funds from a U.S. account into a foreign account

To transfer funds from a foreign account into a U.S. account

Updating foreign currencies
To update foreign currencies

Multicurrency Table of Contents