Multi Currency

Robyn CozensRobyn Cozens Member Posts: 7 ✭
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

  • Acctd4Acctd4 Accredited Partner Posts: 896 ✭✭✭
    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

    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/

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