Assign currencies to foreign customers and vendors

Retainers Progress Billing Create Invoice from Purchase Action Menu Read-only File Setting Web Order Indicator Web Store Setup Tax AccountEdge Mobile Application Time Tracker for AccountEdge Preview PDF before printing Expanded Note fields New Company File Assistant redesign Easy Setup Assistant redesign Check Interface redesign Retainers List report To Do List - Retainers report Retainer Transaction report Progress Billing Transaction report

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About the multiple-currency feature

Setting up multiple currencies

Task 1: Select the multiple currency option Task 2: Set up records for foreign currencies Task 3: Create accounts to track foreign-currency transactions Task 4: Assign accounts to foreign currencies Task 5: Assign currencies to foreign customers and vendors

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Task 1: Process the last paychecks for the year Task 2: Print year-end payroll forms Task 3: Print vendor 1099 statements Task 4: Print payroll reports Task 5: Back up your company file Task 6: Start a new payroll year Task 7: Check that you have the latest tax tables Task 8: Optimize and verify your company file

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Glossary Index

International transactions > Setting up multiple currencies > Task 5: Assign currencies to foreign customers and vendors

Task 5: Assign currencies to foreign customers and vendors

The currency used to make a transaction is determined by the currency assigned to the customer card or vendor card you are using.

A card can only use a single currency, so if you deal with a customer or vendor in multiple currencies, you will need to create a separate card for each currency.

note : A card with transactions

You can’t change the currency of a card that you have already used in transactions. You will need to create a new card for the customer or vendor. Any transactions recorded for a customer or vendor card will be in the currency linked to the card.

1	Go to the Card File command center and click Cards List. The Cards List window appears.

2	Click the zoom arrow () next to the required card to display the Card Information window.

3	Select the Profile tab.

4	In the Currency field, type or select the currency you want to assign to the card or click the search icon () to make a selection from the currency list. (The local currency is selected by default.)

5

6	Repeat this procedure for each card that you want to assign to a foreign currency.

7	Click Close.

■	Exchange rates

■	Tracking currency gains and losses

■	Setting up multiple currencies

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