Add a Foreign Customer

To set up your company to conduct business in a foreign currency

Step 1: Add exchange gain/loss account for foreign currencies

Step 2: Set up foreign currencies

Step 3: Add foreign currency bank accounts

Step 4: Choose linked accounts for foreign currency transactions

Step 5: Set method of pricing inventory and service items

Step 6: Add foreign prices to  inventory and service items

Step 7: Add foreign vendors

Step 8: Add foreign customers

When working with foreign currencies, you cannot change the currency associated with existing customers: enter a new customer record instead.

Note: Do not select the currency when entering the invoice. Depending on whether you select a foreign customer,Sage Simply Accounting automatically uses the appropriate currency on the invoice. Therefore, you cannot assign a foreign currency to a one-time customer.

To add a foreign customer:

  1. Create a new customer record. How?
      1. In the Home window, click Customers & Sales on the navigation pane.
      2. In the Tasks pane, right-click the Customers icon and select Add Customer from the menu.
  2. Type the customer's name in the Customer box.
  3. Open the Options tab and select the currency to use for transactions with this customer.
  4. Open the Sales Taxes tab and select the Sales Tax to add to this customer's purchases.

    Typically you do not have to charge sales taxes on your foreign customers' purchases. For more information, contact your local tax authority.

  5. Click Save and Close.