Multicurrency Overview

Multicurrency Table of Contents > Multicurrency Overview

In MYOB Accounting Plus, you can enter transactions in a number of currencies, in addition to your local currency, if you like. The Accounting Plus multicurrency features make it easy to record transactions in dollars, pounds, yen or any other currency you use when buying and selling goods and services. Accounting Plus also makes it easy to track overseas bank accounts and foreign assets and liabilities.

If you deal in multiple currencies, it's also important to track the effects of currency exchange rates on your business. Accounting Plus provides detailed reports to help you manage both unrealised gains and losses (potential changes in the value of overseas transactions) and realised gains and losses (the actual changes in the value of your assets, liabilities and capital that occur when you exchange foreign currency for your local currency).

What is Multicurrency?
Setting up Multicurrency
Updating foreign currencies
Removing foreign currencies
Recording unrealised gains and losses
Transferring funds between accounts