If you're using the Multicurrency feature and if you conduct business with a customer or supplier in a currency other than your home currency, you can assign that currency to the customer or supplier card. The currency field is located on the Profile tab of the Card Information window. Be careful in your selection, however, because once you begin recording transactions for the customer or supplier, you won't be able to change the selection you've made in the Currency field.
If you assign a foreign currency to the customer, the sales to the customer will appear in the customer's currency. For example, if you indicate that a particular customer uses Canadian dollars, all sales invoices for that customer will be recorded in Canadian dollars. Payments received from the customer also must be in the customer's currency. In the same way, if you assign a foreign currency to the supplier, the purchase orders for the supplier will appear in the supplier's currency. For example, if you indicate that a particular supplier uses Canadian dollars, all purchases from that supplier will be recorded in Canadian dollars. Payments to the supplier also must be in the supplier's currency.
You can assign a currency other than your home currency to an employee if you like -- but only if you don't plan to record payroll cheques for the employee using Accounting Plus. If you plan to record payroll cheques for the employee using Accounting Plus, you must select your home currency for the individual.
Selecting a foreign currency may be useful if the employee is a salesperson who makes all of his or her sales in another currency -- Canadian dollars, for example -- and you don't plan to use Accounting Plus to pay the employee. When you print reports that show individual salespeople's sales amounts, the amount will be displayed in whatever currency has been assigned to the salespeople.
Since only one currency can be assigned to an employee, we recommend that you use your home currency for any employees who may make sales in more than one currency. You'll be able to assign these employees to any transactions you like. If you assign a foreign currency to an employee, however, you'll be able to include the employee only in transactions that use that currency. For more information, see Multicurrency Overview.