Multi Currency

Robyn Cozens
Robyn Cozens Member Posts: 6 Reckoner Reckoner

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

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,960 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited December 2020

    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

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