Multi Currency
I'm trying to set multi currency up but I'm finding it a little unclear for me. The business is based in Australia but mainly (not always) trades in $US. Is the home currency US or AUS?
Merry Christmas and Happy New Year
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I'm trying to set multi currency up but I'm finding it a little unclear for me. The business is based in Australia but mainly (not always) trades in $US. Is the home currency US or AUS?
Merry Christmas and Happy New Year
Comments
If based in Australia, I’d recommend setting the home currency as AUS because this is what your GST/tax reporting will need to be be in.
Shaz Hughes Dip(Fin) ACQ NSW, MICB
Reckon Accredited Partner (AP) Bookkeeper * Regd BAS Agent (No: 92314 015) *
ICB-Certified Bookkeeper * Seasonal Tax Consultant since 2003
Accounted 4 Bookkeeping Services
Ballajura, WA
0422 886 003
[email protected]
https://www.accounted4bs.com/