What is Multicurrency?

Multicurrency Overview > What is Multicurrency?

Simply stated, multicurrency transactions are those that involve any currency other than British pounds. If you import goods from Japan, for example, some of your transactions may be in yen, while others will be in British pounds. The MYOB Accounting Plus Multicurrency feature makes it easy for you to track these transactions and account for them properly, regardless of the currency used to complete them. Once you've set up Multicurrency, using it is as easy as selecting the currency you want for your foreign-currency transactions.

Getting started with Multicurrency
Understanding exchange accounts
Entering multicurrency transactions
Determining the effects of exchange rates on your business