Skip to content
logo Knowledgebase

How can I add a foreign currency?

Created on  | Last modified on 

Summary

My company deals with more than 1 currency. How many currencies can I have in my version of Sage 50?

Description

Pro

  • Allows 1 foreign currency in addition to the home currency

Premium or Quantum

  • Allows unlimited foreign currencies

Resolution

  1. Go to Setup, Settings, Company, then Currency.
  2. Put a check mark in the option I want to enter transactions using Foreign Currencies.
  3. Select a Home Currency.
    • If you can't access the option, you’ve posted transactions to the file
    • You’ll need to create a new file if you want to change
  4. Go to the Enter information about your home currency section.
    • Select an Expense Account to Track Exchange and Rounding Differences in
  5. In the Add or modify currency(s) used section select the Foreign Currency.
  6. Fill in all other fields as necessary.
  7. Optional: Enter an exchange rate for the new currency by clicking on the Exchange Rate button. 
  8. Select OK.
  9. Follow How to create invoices using USD or other foreign currencies.

Image



Need more help?

Chat now

Related Solutions

When adding a foreign currency, I can't find the denomination matching the foreign currency