Can I Create a Bank Account in a Foreign Currency?

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Sage Accounting (Sage Accounting Plus in Canada) supports foreign currency bank accounts. 

To create a bank account in a foreign currency, you must first activate foreign currencies under Settings > Business Settings CurrenciesEnable Foreign Currencies. Only the currencies you have selected on this page will appear as a currency option when creating a new bank account. 

To create a foreign currency bank account, click BankingNewBank Account. You will be prompted to enter the account type, name, and select a currency. Unless you change the currency selection, the account currency will default to your base currency. 

NOTE: You cannot connect a bank feed or import statements with a foreign currency bank account. 

NOTE: You cannot post payments and receipts to a foreign currency account as other payments or other receipts. You must use the invoices and bills functions and then create vendor payments or customer receipts. 


The feature covered in this article may not be available in Sage Business Cloud Accounting Start or Accounting Standard.

If you’d like to take advantage of this as well as other advanced features, upgrade to Sage Business Cloud Accounting by following the steps outlined in "How to Upgrade from Sage Accounting Start to Sage Business Cloud Accounting

For more information on Sage Business Cloud Accounting please see:

US – "Differences between Accounting Start and Accounting"

Canada – "Differences between Accounting Start, Accounting Standard, and Accounting Plus"



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210212163452750
Last Modified Date
Thu Mar 23 12:48:11 UTC 2023
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