Multi Currency

Robyn Cozens
Robyn Cozens Member Posts: 6 Reckoner Reckoner
in Accounts Hosted

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, Iā€™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 - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)

Categories