Working in Foreign Currencies

If you have customers or vendors that reside in another country, Sage Simply Accounting can be set up to account for operations in a foreign currency. This allows you to create foreign currency bank accounts, add foreign prices to your inventory and service items, pay bills and receive payments without having to manually convert the amounts to or from another currency, and display reports with amounts in both the foreign currency and the equivalent in your home currency.

Note: You can set up as many currencies as you need. (Premium)

To start using foreign currencies:

1. Add exchange gain/loss accounts
2. Set up your foreign currencies
3. Add foreign currency bank accounts (recommended)
4. Choose linked accounts for foreign amounts
5. Select a method for pricing inventory and service items for foreign customers
6. Add foreign prices to inventory and service items
7. Add foreign vendors
8. Add foreign customers

What do you want to do?

Learn more about foreign currency bank accounts

Set up a foreign currency